Xbox Game Pass Surges with Indiana Jones, Call of Duty; Hardware Sales Decline

During today's Q2 investors call, Microsoft CEO Satya Nadella proudly announced that Indiana Jones and The Great Circle has captivated an impressive 4 million players. This milestone marks a significant achievement for MachineGames' latest release, which has not only received critical acclaim but also garnered multiple awards, including nominations for Game of the Year and Best Xbox game. Our own review praised it as an "irresistible and immersive global treasure hunt," and you can dive deeper into our thoughts with our full review here.

Elsewhere in the Xbox ecosystem, Microsoft shared encouraging news about Game Pass, revealing that Game Pass PC grew by an impressive 30% last quarter, setting a new quarterly revenue record. Additionally, cloud gaming saw 140 million hours of streaming, contributing to a 2% increase in Xbox content and service revenue.

Despite these positive developments, there are challenges ahead. Overall gaming revenue declined by 7%, and Xbox hardware revenue saw a significant drop of 29%. These figures highlight that while Microsoft's investment in Game Pass is yielding positive results, particularly on PC with a strong lineup of titles like Indiana Jones and The Great Circle, Call of Duty: Black Ops 6, and Microsoft Flight Simulator—all available day one for Game Pass Ultimate subscribers—there is still work to be done to regain ground in the console and hardware markets.