Overview

• Six of the top ten best-selling PS5 games in Q2 2025 in the US were published by Microsoft, led by Forza Horizon 5 and Oblivion Remastered.
• Xbox Game Pass generated nearly $5 billion in annual FY25 revenue for the first time, representing about 21% of Xbox’s total gaming income.
• Gaming content and services revenue grew 9% year-over-year to $23.45 billion, offsetting a 25% decline in hardware sales.
• CEO Satya Nadella confirmed Microsoft became the top publisher on both PlayStation and Xbox this quarter.
• Confirmed PS5 ports include Gears of War: Reloaded and Senua’s Saga: Hellblade 2, and there is speculation that Starfield and Halo may follow.