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Microsoft Earnings Q4 2022
- Thread starter St. Elmo's Fire
- Start date
- News
Weird how this part wasn't included in this thread on the gaming forum
Pretty across-the-board mediocre for Xbox. Guess those few months where they beat PS5 didn't actually mean much. They also don't say it outright, but pretty clear Halo is underperforming.
So during this fiscal year they added around 80b to their warchest and overall had 200b in revenue. Also Game Pass grows without big games even.
Hmmm, didn't see that when I made my comment. Guess it's not that bad! Still -- corporations like to be constantly growing. Being down year-on-year across the board is not considered good.
You need to take into account inflation and the fact that pandemic is easing and people are going back into offices and schools.
Legit shocked Game Pass grew, I fully expected it to hit a slump with the rather weak year. Wonder if economic conditions will push people into services?
Almost every industry is down compared to a year ago because we were in lockdowns with record high engagement and consumption. It's not exclusive to Xbox.
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It's their second best quarter ever, and this is without much coming out, it's far from mediocre, it's actually quite strong. If this is what they achieved, they're going to achieve big in 2023 with a number of heavy hitters being released.
wdym down across the board?
View: https://twitter.com/DeekeTweak/status/1552026866474778629?s=20&t=e3qlW4QwfFv7zNlDZG2-nQ
Do you mean Microsoft as a whole just going off Tom Warren's tweet? They were up pretty huge in Azure cloud computing and advertising/search % wise which he didn't fit in the tweet. Surface also had a decent % bump...
You seem to be mixing up some MS numbers with Xbox. Halo and Xbox sales had little to do with the overall earnings report. The forecast on gaming actually hit the estimation.
OP
OP
Both. See Tom Warren's tweet. That's why I posted it here. We don't get a lot of Xbox sales informations these days, so this is at least something.
I mean the thread seems to be pushing all of Microsoft instead of talking specifically about gaming, which is weird... Seems strange to highlight Microsoft as a whole and not Xbox in the gaming forum, especially when Xbox did pretty good. There are literally three tweets and only one mentions Xbox in OP.
well seeing as MS doesn't give numbers that's all there is to go off of. Same goes for ZhugeEX and others that try their best with predictions/estimates for Xbox hardware.
It seems like they had 40% growth in Azure and other cloud services.
- Revenue was $198.3 billion and increased 18% (up 19% in constant currency)
- Operating income was $83.4 billion and increased 19% (up 21% in constant currency)
- Net income was $72.7 billion GAAP and increased 19%, and $69.4 billion non-GAAP and increased 15% (up 16% in constant currency)
Almost every industry is down compared to a year ago because we were in lockdowns with record high engagement and consumption. It's not exclusive to Xbox.
Home Page - GameDaily.biz | We Make Games Our Business
Eh, I'm not going to have a big argument, because people will just shout that it's great regardless. But Microsoft's revenue as a whole was up 12 percent year-on-year and investors considered that below expectations. Xbox being down 7 percent year-on-year, with decreases in hardware, games, and live services, is not a good result. It doesn't matter if it's their second-best 4th quarter ever or whatever. Investors don't look at it that way. They always want growth.
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There's much more insightful analysis of Xbox numbers from people like Derek Strickland, that's not just showing Microsoft stock price:
View: https://twitter.com/DeekeTweak/status/1552026866474778629?s=20&t=nqjntPpIzdaIVrxpyW15NQ
Entertainment industry is down all together. NPD estimates nearly 8% YoY for gaming as a whole.
YoY means that the same quarter last fiscal year they had better results, no? Looking at the state of the economy - not surprising. Not to mention they haven't released a single game this quarter.
It is a very good result for the current state (closing the markets, inflation and so on). Granted, Xbox with 16b of yearly revenue in comparison to 198b, is literally 10% (even less)
Sure. The fact that everyone's doing bad doesn't make bad results good.
This tweet would make sense to add to the OP. It adds context to the numbers.
expecting numbers to always go up is such a reductive and bad take on it though lol. yes investors and people always want numbers to go up, but that's not the end-all when you're investing in a multi trillion dollar company.. you can look at the bigger picture and see number go up. Historically their Q4 is one of the weakest in their FY.
They don't report title by title performance of gaming IP lol.. you know gaming is a tiny part of MS they don't factor in if Halo is doing well or not. You could also say they didn't report FH5 which is smashing it out of the park and probably has hit 25M players by now.
OT: expected results with little 1st party content out, good to see gamepass is still growing despite the gap in 1st party titles this year. Surprising this is their 2nd biggest gaming QTR with all these downsides.
This is so disingenuous it hurts. Xbox is a tiny fraction of Microsoft, Xbox could go away tomorrow and Microsoft wouldn't blink an eye profit wise because of Azrue/cloud.
they're in the middle of a hardware shortage (including controllers!) and a software lull
what exactly did you expect?
Considering that Game Pass actually grew and they are having a record fiscal year and an almost record Q4, it kinda does
You kid but PowerWash seems to be doing actually insane numbers on GP lol
GamePass subs keep keep growing which is the most important thing in the long run. One quarter that's slightly down revenue wise isn't that big of a deal.
It's not a "take." I'm not making a value judgment. I just made a dry comment on an earnings report based on how investors react to these things. That's it dudes. If reasonable comments about a company's earnings (earnings being down is bad) angry up your blood, maybe stay out of the earnings thread.
Surface? They're still pushing those things? I thought that had turned out to be another face plant, like the Windows Phone.
Pretty normal for people that don't understand much about numbers to sum up people correcting them as actually being angry, i wouldn't waste my time :P
Sure you're not confusing the Surface Duo phone with the Surface laptops/PC Tablets?
I mean, that's what it says. I'm just surprised. They were everywhere for a bit. Including my current and former employer, both of whom have since ditched them. I still have one, sitting right here, and I think it's the last remaining one at my company - they've moved back to regular laptops for everyone else. I just haven't bothered to swap mine out because I never use it (I also have a desktop PC).
Now I never see them any more. Just in my own bubble, I guess.
