Xbox FY23 Q2 gaming revenue down 13% year-over-year

What you need to know

  • On Tuesday, Microsoft announced its earnings for the FY23 Q2 period ending Dec. 31, 2022, including for Xbox.
  • The Gaming division at Microsoft saw a 13% decline in revenue versus the same period a year ago, or FY22 Q2.
  • This includes a 12% decline in Xbox content and services and a 13% decline in Xbox hardware sales.
  • This is within Microsoft’s expectations following the previous year of strong demand, and is partially offset by continued Xbox Game Pass growth.

Right on time, Microsoft has released its quarterly earnings report for the period that ended on Dec. 31, 2022. The FY23 Q2 release takes a look at the prior three months of business for Microsoft and compares it to the same period in the previous fiscal year, including for the Xbox and gaming divisions.

Microsoft’s FY23 Q2 earnings report (opens in new tab) is mostly inline with expectations, with Microsoft previously providing guidance of a general decline in revenue for the Xbox division. The More Personal Computing segment, which includes Windows commercial and cloud products, Windows OEM, Surface, search and advertising, and Xbox, reported $14.2 billion in revenue, a 19% decrease year-over-year. This was below the $14.5-14.9 billion estimated by Microsoft.

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