Xbox FY24 Q2: Total Gaming Revenue (+49%), Content and Services Revenue (+61%) Hardware Revenue (+3%) / Xbox Gaming made $7.111B in revenue

Johnic

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24 Mar 2023
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Outer Heaven
What are you guys wearing to the xbox console funeral?
how do i look boa GIF by HULU
 

anonpuffs

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29 Nov 2022
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Something people need to realize about the +3% hardware revenue is that that isn't including the effect of price cuts, because that will be under a separate line item under costs. It really is dire.
 

anonpuffs

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It is him, definitely.

He got a hard time here but he's a good dude, just was a bit too optimistic about Xbox hardware.
The problem wasn't that he was optimistic about xbox, the problem was he was inserting nonsensical personal feelscrafting into his analysis. He does a generally good job keeping track of the numbers, they were at least within margin of error most of the time.
 

Danja

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10 Mar 2023
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That hardware revenue growth is damning.

And not them bragging about it being their biggest Xbox quarter ever... Like all it took was buying the biggest publisher.

2024 will be the year to see the trajectory for rest of the gen for both consoles
 

Darth Vader

I find your lack of faith disturbing
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20 Jun 2022
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"On October 13, 2023, we completed our acquisition of Activision Blizzard for a total purchase price of $75.4 billion..."

Damn, so it was 6.4 billion more than the original 69 billion price.

You love to see it.

Still had operating loss, and now have thousands more employees to manage and pay to keep those revenues up, otherwise we'll see decline also.

Hardware decline YoY from now on (-40%).

No wonder they'll be a third party publisher.

I remember discussing this with @Bryank75 regarding the extension of the deal causing increased costs.
 

Nimrota

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11 Jul 2023
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"On October 13, 2023, we completed our acquisition of Activision Blizzard for a total purchase price of $75.4 billion..."

Damn, so it was 6.4 billion more than the original 69 billion price.

You love to see it.

Still had operating loss, and now have thousands more employees to manage and pay to keep those revenues up, otherwise we'll see decline also.

Hardware decline YoY from now on (-40%).

No wonder they'll be a third party publisher.
ABK had cash reserves which is what was the source of the 69b figure. ABK + 6b cash reserves, pay 75b and get 6b cash back = 69b.
 

anonpuffs

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ABK had cash reserves which is what was the source of the 69b figure. ABK + 6b cash reserves, pay 75b and get 6b cash back = 69b.
Do we know it was 6b in cash? Or is it also including the 3b fee they had to pay for not closing the deal in june?
 

Arc

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5 Sep 2023
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Everything I see about this business screams future third party publishing and services company, not unlike what Microsoft has historically been in the PC and phone sectors.

They’ve never made their own stuff, not for long, and I think this 20 year exception, with one console successful by historical standards, is about at an end.

I really think it’s a question to whether there’s a next Xbox. Being kind, Microsoft will have to think about whether anything will really change from this or last generation. Do they have software that can move the needle? Do they have hardware that can move the needle? If the plan is just to go out there and run the same play, they could genuinely save themselves a lot of money.
 

Remember_Spinal

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23 Jun 2022
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I’m still confused about them not updating subscription growth and numbers. They should be up significantly but i guess since the big guys de-emphasized subscription growth in regards to their salaries no one cares.
 
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