All the sessions from Transform 2021 are available on-demand now. Watch now.
Microsoft reported its earnings for the fourth quarter of its fiscal 2013 today. The company missed its guidance due to “the decline in the PC market,” but it found some good news in Xbox Live.
The corporation reported that Xbox Live transaction revenue was up 20 percent in Q4. That means the sales of games, downloadable content, and items saw a significant bump from April 1 through June 30. That’s before Microsoft even held its “Ultimate Game Sale” that started July 1, which brought deep discounts to many of the biggest games on the Xbox Live Marketplace.
“We continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox Live,” Microsoft chief financial officer Amy Hood said. “While we have work ahead of us, we are making the focused investments needed to deliver on long-term growth opportunities like cloud services.”
Xbox Live Gold currently costs $9.99 a month, $24.99 for three months, or $59.99 for a full year.
Three top investment pros open up about what it takes to get your video game funded.
Microsoft plans to continue focusing on Xbox Live and online services for its next-gen Xbox One console. Xbox Live currently has around 46 million users, according to the last count, and many of those gamers pay a regular fee for the Xbox Live Gold premium subscription.
To keep those gamers satisfied, the company plans to introduce more cloud services that improve online games on Xbox One. It also began offering free games to Xbox Live Gold subscribers in June.
GamesBeatGamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties