… "Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy, but our annual revenue has declined nearly half a billion during that time," the execs state. …
… Days later, Microsoft's Q4 2026 financial results revealed a revenue decline of 10 percent for Xbox. Annually, Xbox's reported revenue fell by more than $2 billion year-to-year, landing behind its closest competitor, PlayStation, by multiple billions. …
… Duncan and O'Connor are departing days after Booty and Xbox CEO Asha Sharma sent an ominous public memo to employees that discussed a "reset" of the business after a decline in revenue. …
… Including the hard-fought acquisition of Activision Blizzard King, which cost Microsoft $69 billion in 2023 , Xbox spent more than $89 billion in investments and studio support over the past five years, while the segment's annual revenue declined by nearly half a billion dollars, the memo stated. …
… Its leaders shared a memo in which they laid out plans for a "reset" of the division, suggesting that the current revenue margins were unsustainable. …