Microsoft has seen significant growth in its Xbox Game Pass subscriptions. In its second quarter financial results, the tech giant showed that the number of subscribers rose to 18 million, up 3 million from the previous quarter.
Xbox Game Pass offers over 100 subscription games for $ 10 a month. You can also buy discounted games if you decide to keep them after your subscription ends. Xbox Game Pass isn’t the only area where Microsoft has seen growth. The company said it generated $ 43.1 billion in quarterly revenue and $ 15.5 billion in net income, up 17% and 33%, respectively.
The new Xbox consoles – Xbox Series S and Xbox Series X – launched last quarter are considered the most successful in the company’s history. CEO Satya Nadella has reported record sales during the launch.
Microsoft CFO Amy Hood said she expects significant demand in the new quarter, but supply will remain limited. Both consoles are currently listed as missing on Microsoft’s own site and partner stores.
Microsoft’s Surface business also saw 3% revenue growth and is now worth $ 2 billion for the first time. It is expected to grow as demand for laptops and PCs increases. Office 365 subscribers also increased 28% to 47.5 million, and Microsoft’s cloud business, Azure, recorded 50% revenue growth.
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