Microsoft announces that Xbox Game Pass has set a new quarterly revenue record as the company doubles down on software and services over hardware.

Microsoft has announced mixed results for its latest financial quarter, with strong growth for Game Pass offset by the

Microsoft CEO Satya Nadella has now gone into a bit more detail, revealing how Game Pass has set a new quarterly record in terms of revenue - growing its PC subscriber base by over 30%.

Q2 earnings reveal a decline in Xbox hardware revenue, while content and services revenue has increased. The company posted its latest earnings report on Wednesday, January 29, 2025. Xbox FY25 Q2 earnings in brief: Microsoft Gaming revenue declined 7% (down 8% in constant currency) Xbox hardware revenue down 29% Xbox content and service revenue up 2% Xbox Cloud Gaming logged 140 million hours of engagement PC Game Pass subscriptions are up 30% Compared to the last quarter,