Of course, but they're definitely not profiting from PC game pass either and I doubt their Steam games are selling that well. I imagine the bulk of "good money" they're making is from the console microtransactions from games like Fortnite, NBA, madden, etc. Good money as in they're not spending billions just to generate that revenue, and helps to offset their losses
People say this but we all know GamePass will never be allowed on PlayStation or Nintendo consoles. It doesn't benefit Sony or Nintendo at all. There is Ubisoft Plus and EA play but they don't have hundreds of games like Game Pass. Unless the Game Pass model changes entirely just to be first party games, but the vast majority of those games suck anyways