Overview

• Xbox content and services revenue rose 13% in Q4 FY25, lifting overall gaming revenue by 10% despite a 22% drop in hardware sales.
• Game Pass annual revenue approached $5 billion, accounting for 21% of total Xbox revenue.
• The platform reached 500 million monthly active users across devices and surpassed 500 million cloud-streamed hours this quarter.
• Over 50 million players engaged with Call of Duty: Black Ops 6 and Microsoft was the top publisher on both Xbox and PlayStation.
• Microsoft has about 40 games in development but CFO Amy Hood forecasts a mid-single-digit decline in content and services revenue next quarter.