• Loading stock data...
Tuesday, September 16, 2025

Microsoft CEO: Gaming ‘Resilient’ During Economic Uncertainty

  • Microsoft posted $50.1 billion in revenue in fiscal Q1, an 11% increase year-over-year.
  • Its Xbox content and services business saw revenue decrease by 3% during the quarter.
Microsoft

Video games have become a bright spot for Microsoft amid challenges within the tech industry. 

“It’s proven over years, at times of economic uncertainty for families, gaming is somewhat resilient to those issues,” Microsoft Gaming CEO Phil Spencer said

Microsoft proved itself in 2008 during the global financial crisis when it recorded its Best Calendar Year on record for Xbox sales after it cut prices to compete with Nintendo’s Wii.

Microsoft’s latest earnings report backs up Spencer’s statement. 

  • Microsoft posted $50.1 billion in revenue in fiscal Q1, an 11% increase year-over-year.
  • Its Xbox content and services business saw revenue decrease by 3% during the quarter.
  • Microsoft offers its latest generation of consoles for $499 (Xbox Series X) and $299 (Series S).
  • It subsidizes the cost of the consoles from $100 to $200 per unit. 

The gaming industry took a step back in the first half of this financial year following a surge of interest and spending at the height of the pandemic, mostly due to the ongoing chip shortage and supply chain disruptions. 

Road Block

In January, Microsoft announced plans to acquire Activision Blizzard for $68.7 billion, making the tech giant the world’s third-largest gaming company by revenue. 

The all-cash deal has been investigated by the Competition and Markets Authority — a U.K. antitrust watchdog. The CMA detailed concerns over the deal harming Sony’s PlayStation subscription offerings and the streaming business of rivals Google, Amazon, and Nvidia.

As a result, the deal was not initially approved by the CMA and has been sent to a second review stage.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

More Dildo Throwing During WNBA Games Leads to Second Arrest

The 18-year-old threw a dildo that hit another fan and his young niece.

Smelling Salts Not Banned in the NFL, but Teams Can’t Hand Them..

Teams are banned from supplying smelling salts to their players.

March Madness Fields Will Stay Put at 68—at Least Until 2027

NCAA tournament expansion is still on the table for 2027.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.