What if Microsoft shut down Xbox today? Xbox's next showcase is confirmed! Find out when it is happening. Details you missed from the Xbox Developer Direct.
“Xbox Gaming Revenue Down, But Game Pass Subscriber Base Continues To Grow. Xbox gaming revenue is mostly down across all fronts, but its Game Pass subscriber base still saw growth. Microsoft released its second quarter financial results for the 2023 fiscal year yesterday, and it revealed that Xbox gaming revenue declined 13% overall. Xbox content and services, such as first-party software and monetization in third-party games, declined 12%, but Microsoft notes that this decline is up against a "strong prior year comparable." Given that Xbox's 2022 was lackluster compared to the prior year, this isn't surprising. However, the financial results state that this 12% decline is "partially offset by growth in Xbox Game Pass subscriptions." Xbox hardware revenue has also declined 13%. During an earnings call, Microsoft CEO Satya Nadella revealed that Xbox's monthly active users surpassed 120 million during this quarter in question, as reported by IGN. Nadella added that Microsoft is expecting another year-over-year decline next quarter due to a similar situation as this quarter. “
From Game Rant
“Xbox Summer Showcase Confirmed for 2023. Microsoft intends to hold an Xbox game showcase in summer 2023, the company confirmed during the recent Developer_Direct. The tech giant's first developer livestream of the year featured a handful of much-anticipated games such as Minecraft Legends and Forza Motorsport, indicating that the company's gaming investments won't be slowing down anytime soon. The January 25 Xbox & Bethesda Developer_Direct was almost entirely focused on the highest-profile games that Xbox Game Studios intends to launch in the near future. Tango Gameworks' cel-shaded action platformer Hi-Fi Rush was the only exception to that pattern, as it was treated to a surprise release during the showcase. But overall, the biggest takeaway from the broadcast is that Microsoft's gaming division is looking to put out high-quality games on a near-monthly basis throughout 2023. Given that state of affairs, Xbox Game Studios is already planning to host a second 2023 showcase focused on its other upcoming games in the summer. Unlike the Developer_Direct, the summer show will be a physical event taking place in Los Angeles, the company said. While no further details have been provided, the combination of an LA venue and summer timing suggests that the upcoming showcase might be part of the 2023 edition of E3.”
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