Revenue was $52.9 billion, an increase of 7% (or 10% in constant currency).Here are some other numbers from Microsoft's financial results: Despite this growth and revenue, though, Microsoft did not release new numbers regarding Game Pass subscription count – the latest count was 25 million in January 2022.Īs for the dip in hardware revenue, Microsoft says the decline comes from the comparison of this quarter this year to the same quarter in the previous fiscal year, which gained a boost thanks to increased console supply. Microsoft CEO Satya Nadella says that the company set third-quarter records for monthly active users and devices, and that Xbox's gaming subscriptions (see: Game Pass) reached almost $1 billion this quarter. Overall, Xbox's gaming revenue is down 4%, though. More specifically, Xbox hardware is down 30% and Xbox content and services is up 3%. In it, the company revealed that Xbox hardware revenue is down but its Xbox content and services revenue is slightly up thanks to Xbox Game Pass subscription growth.
Microsoft has released its financial results for Q3 of its 2023 Fiscal Year, which consists of roughly January through March of this year.
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