PC Game Pass Subscribers Grew 159% Year-Over-Year, Nearly Half of Series S Buyers Are New to Xbox - NewsWilliam D'Angelo , posted on 25 October 2022 / 3,849 Views
Microsoft CEO Satya Nadella in today's earnings call with investors for the first quarter of the 2023 fiscal year, which ended up September 30, 2022, announced the number of PC Game Pass subscribers has grown by 159 percent year-over-year.
Nadella added over 20 million people have used Xbox Cloud Gaming and nearly half of all of Xbox Series S buyers are new to the Xbox ecosystem. Gaming has also seen usage growth on all platforms.
"We saw usage growth across all platforms driven by the strength off console," said Nadella. "PC Game Pass subscriptions increased 159% year-over-year."
He continued, "With cloud gaming we're transforming how games are distributed, played, and viewed. More than 20 million people have used the service to stream games to date.
"As we look towards the holidays, we offer the best value in gaming with Game Pass and Xbox Series S. Nearly half of the Series S buyers are new to our ecosystem."
For the second quarter of the 2023 fiscal year, set to end December 31, 2022, Microsoft expects Xbox gaming revenue to decline in the low-to-mid teens compared to last year, which saw a stronger first-party lineup with the release of Halo Infinite and Forza Horizon 5.
Microsoft does expect the number of Xbox Game Pass subscribers to continue to grow. However, Xbox Content & Services is expected to see a similar drop to the overall Xbox gaming revenue. There was no information given on expectation for Xbox hardware.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.