![]() In June’s Xbox Games Showcase 2023, Microsoft Gaming CEO Phil Spencer mentioned that console supply was improving, indicating progress in meeting consumer demand. To ensure continued success, Microsoft needs to deliver on big game releases and increase the supply of Xbox Series X consoles. However, Microsoft will not factor in any expectations from this acquisition in their public forecasts until it is officially completed. Looking forward, Microsoft has high hopes for the completion of the Activision Blizzard acquisition, which is expected to significantly boost Xbox earnings once finalized. When analyzing these results, it’s important to consider the release of major games such as Diablo 4 and Street Fighter 6 in June, which likely contributed to the improved performance. Pascal Glitcher, a modder most famously known for introducing a ray-tracing add-on for ReShade, recently demonstrated one that adds path tracing to Skyrim. In addition to the financial results, Microsoft reported a total revenue of $56.2 billion for the quarter, marking an 8% increase and making it their best fiscal quarter to date. He also mentioned that Xbox Game Pass usage in hours played has increased by 22% year-over-year. In the third quarter of FY23, Xbox gaming revenue was down by 4% year-over-year, while Xbox hardware revenue experienced a significant decline of 30%.ĭuring the earnings release conference call, Microsoft CEO Satya Nadella expressed excitement for the upcoming launch of Bethesda Game Studios’ Starfield in September. This quarter’s revenue results indicate an improvement compared to the previous quarter. However, Xbox hardware revenue has decreased by 13%. I tried moving Skyrim from my HDD to my SSD but it still doesnt work. Xbox content and services revenue has also seen a growth of 5%, driven by the success of third-party content and Xbox Game Pass. The sound is fine during the initial Bethesda Logo when starting up the game, but after that I dont have any sounds playing. Gaming revenue has increased by 1% year-over-year, amounting to a $36 million increase. ![]() Microsoft has released its financial results for the fourth quarter of fiscal year 2023. ![]()
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