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lavalamp@lemmy.ml to Gaming@lemmy.mlEnglish · 2 years ago

Xbox missed annual revenue forecasts by $780 million

www.tweaktown.com

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  • cross-posted to:
  • games@sh.itjust.works
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Xbox missed annual revenue forecasts by $780 million

www.tweaktown.com

lavalamp@lemmy.ml to Gaming@lemmy.mlEnglish · 2 years ago
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  • cross-posted to:
  • games@sh.itjust.works
Xbox gaming missed management's internal annual revenue estimates by $780 million, and also failed to meet expected Xbox Game Pass subscription growth.
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  • Jagget@programming.dev
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    2 years ago

    Lol. The number is big, yeah. But it’s just 4.6%. Not a big deal.

    • anon_cloud@lemmy.dbzer0.com
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      2 years ago

      You have this backwards. When numbers are big, percentages are more sensitive.

      • Jagget@programming.dev
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        2 years ago

        Well you might be right. But still it’s not some money that they lost. Just didn’t profit enough

        • Uniquitous
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          2 years ago

          Their plans for future development were probably predicated on a certain amount of profit. If they missed that badly, some planned games might not get made.

          • anon_cloud@lemmy.dbzer0.com
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            2 years ago

            Yeah exactly. $780 million is a lot of game development budget.

    • lavalamp@lemmy.mlOP
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      2 years ago

      5% is a big miss. It could effect their next earnings prediction

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