INTRO: Microsoft has recently revealed that its Xbox Game Pass has gained around 10 million subscribers during this coronavirus pandemic when billions of people stay home to avoid social distancing.
X-Box Games Gained Popularity amidst Lockdown
The service was launched in 2017 with more than 100 Xbox games for $9.99 per month, though a separate PC-only sub is available for $4.99. One can get a bundle with both, plus Xbox Live Gold, for $14.99.
“We saw record engagement this quarter, with nearly 19 million active users of Xbox Live, led by the strength on and off-console. Xbox Game Pass has more than 10 million subscribers, and we are seeing increased monetization of in-game content and services,” Amy Hood, Chief Financial Officer, Microsoft, said during an earnings call on Wednesday.
Project xCloud game streaming service
The Software Tech company Microsoft also said that its Project xCloud game streaming service has “hundreds of thousands of users” actively testing and using its new service across 7 countries, with 8 more launchings in the upcoming weeks.
Meanwhile, on the other hand, Xbox Live also saw nearly around 90 million monthly users in this quarter. If we notice That’s nearly a 42.8 percent increase in the number of monthly active users year-over-year for Xbox Live, as it already had 63 million monthly active users a year ago.
Overall if we see, and the gaming revenue for the company was down 1 percent year-over-year and the Microsoft Xbox content and services revenue was up 2 percent with $33 million of it.