After ordering massive layoffs across the company earlier this month, Microsoft shared its report for investors at the end of its fiscal year. One of the bright spots for Microsoft was Xbox Game Pass, which had nearly $5 billion in annual revenue for the first time.
The complete transcript of Microsoft's investor report is online, but it doesn't break down the specifics of Game Pass' milestone in terms of subscribers or even the specific revenue amount that it reached. Last year, Microsoft announced price hikes for Game Pass and introduced Xbox Game Pass Standard, which doesn't include day one access for the company's biggest games. That perk is reserved for Xbox Game Pass Ultimate subscribers.
Following the release of the best-selling PlayStation games in the second quarter of 2025 in the US, Microsoft noted that it was "the top publisher on both Xbox and PlayStation this quarter," before crediting the cross-platform launches of Forza Horizon 5 and Oblivion Remastered for achieving that feat. Other Microsoft titles including Doom: The Dark Ages, Call of Duty: Black Ops 6, Indiana Jones and the Great Circle, and Minecraft also appeared as best-sellers on PlayStation's Q2 chart.
Microsoft went on to state that Black Ops 6 has drawn 50 million players to date, and added that the Minecraft movie led to record active usage and revenue for the already wildly successful game.
The report doesn't really dwell on the recent layoffs or the canceled gaming projects like Rare's Everwild. But it does state that Microsoft still has "nearly 40 games in development." GameSpot recently assembled a list of Xbox games that are still believed to be in the works.
Source
The complete transcript of Microsoft's investor report is online, but it doesn't break down the specifics of Game Pass' milestone in terms of subscribers or even the specific revenue amount that it reached. Last year, Microsoft announced price hikes for Game Pass and introduced Xbox Game Pass Standard, which doesn't include day one access for the company's biggest games. That perk is reserved for Xbox Game Pass Ultimate subscribers.
Following the release of the best-selling PlayStation games in the second quarter of 2025 in the US, Microsoft noted that it was "the top publisher on both Xbox and PlayStation this quarter," before crediting the cross-platform launches of Forza Horizon 5 and Oblivion Remastered for achieving that feat. Other Microsoft titles including Doom: The Dark Ages, Call of Duty: Black Ops 6, Indiana Jones and the Great Circle, and Minecraft also appeared as best-sellers on PlayStation's Q2 chart.
Microsoft went on to state that Black Ops 6 has drawn 50 million players to date, and added that the Minecraft movie led to record active usage and revenue for the already wildly successful game.
The report doesn't really dwell on the recent layoffs or the canceled gaming projects like Rare's Everwild. But it does state that Microsoft still has "nearly 40 games in development." GameSpot recently assembled a list of Xbox games that are still believed to be in the works.
Source