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Microsoft Xbox Revenue Plummets 33% as Game Pass Prices Drop

5/1/2026

36 8 Full Breakdown

Summary

Story summary

Microsoft reported a 33% drop in Xbox hardware revenue for the quarter ended March 31, 2026.
Xbox content and services revenue fell 5% year-on-year.
Satya Nadella said Microsoft is doing work to win back fans while Asha Sharma said daily active players will be the north star as Microsoft cut Game Pass Ultimate to $22.99/month and PC Game Pass to $13.99.

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Story summary

Microsoft reported a 33% drop in Xbox hardware revenue for the quarter ended March 31, 2026.
Xbox content and services revenue fell 5% year-on-year.
Satya Nadella said Microsoft is doing work to win back fans while Asha Sharma said daily active players will be the north star as Microsoft cut Game Pass Ultimate to $22.99/month and PC Game Pass to $13.99.