Microsoft Video Game Revenue Declines for Holiday 2022
For the second quarter of fiscal 2023 ending 12/31/22, Microsoft (NASDAQ: MSFT) saw revenue increase 2% to $52.7 billion from the previous year. Revenue in Gaming declined 13% to $4.76 billion. For the first six months of fiscal 2023, gaming revenue was down 7% to $8.4 billion.Â
In the second quarter, game hardware revenue declined 13% over the previous year and Xbox content and services declined 12%.
Analysis
Microsoft is a large company a.....