Xbox Game Pass Records Growth After Indiana Jones, Call of Duty, but Hardware Sales Drop
Microsoft's Q2 earnings call revealed that Indiana Jones and The Dial of Destiny (the game's actual title, not The Great Circle) has attracted 4 million players. This success shines amidst a relatively flat earnings report for Microsoft's gaming division. The game's strong performance, marked by critical praise and awards, is particularly noteworthy given the lack of widespread pre-release expectations for a modern, AAA Indiana Jones title.
The game's success is even more impressive considering its availability on Xbox Game Pass, which makes precise sales figures difficult to determine. We ourselves lauded the game, describing it as an "irresistible and immersive global treasure hunt," and nominated it for Game of the Year and Best Xbox Game. [Link to full review].
Other Xbox news includes a 30% increase in Game Pass PC subscribers last quarter, setting a new revenue record. Cloud gaming saw 140 million hours streamed. These positive trends contributed to a 2% increase in Xbox content and services revenue.
However, challenges remain. Despite exceeding expectations, overall gaming revenue decreased by 7%, and Xbox hardware revenue fell by 29%.
In summary, while Microsoft faces ongoing challenges in console and hardware sales, its investment in Game Pass continues to yield positive results. The strong PC Game Pass growth is likely fueled by recent high-profile releases like Indiana Jones and The Dial of Destiny, Call of Duty: Black Ops Cold War (assuming "Black Ops 6" refers to this title), and Microsoft Flight Simulator, all available on Game Pass day one for Ultimate subscribers.
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