Xbox Game Pass
Image: Xbox

It's a new year and as part of this, Microsoft has shared its latest earnings results for the quarter ended December 31st, 2022 (FY23 Q2). Overall, gaming revenue for the company saw a decline of 13% year-over-year.

Xbox's "content and services" revenue also saw a decline of 12% and Xbox hardware revenue was down by 13%. This was offset by growth in Xbox's Game Pass subscriptions and the amount of Xbox users - exceeding a "record" 120 million in the quarter, as highlighted by Microsoft's lead communications manager, Frank X. Shaw:

For this same period, Microsoft's overall revenue was $52.7 billion - a 2% increase year-over-year. It follows on from the news last week the tech giant would be axing 10,000 jobs. This includes roles within its Xbox gaming division - with companies like 343 Industries reportedly hit hard by the layoffs. A year later, the company is also still battling to finalise its acquisition of Activision Blizzard.

While it's not all great news, this year could potentially see Xbox Game Pass grow even more - with titles like Redfall, Starfield and the new Forza Motorsport currently locked in for a 2023 release and each game a "day one" release on Microsoft's popular gaming subscription service.

What are your own thoughts about Microsoft's latest results? Comment below.

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