Phil Spencer claimed Xbox business runs at a single-digit profit margin

[Marees]

According to an internal Gaming CSA (Customer Service Area) slide deck, the Xbox games division had an accountability margin (the portion of revenue that is "accounted" as profit) of $1.5 billion for the first 9 months of FY22 (July 2022 - March 2023).

According to our findings, Xbox gaming had a 12% accountability margin (AM) for 9 month period in FY22.

However, in the aforementioned testimony, Spencer says that "the Xbox business today runs at a single-digit profit margin."


Read more: https://www.tweaktown.com/news/93375/xbox-profits-revealed-in

 

[Comixbooks]

XBOX Boss

Maybe he could speed up Hellblade 2 takes like 5 plus years since announced.

 

[Armenius]

SIE is operating with similar margins. Their most recent financials showed their net margin at a little over 7%. Console gaming has always operated on slim margins. The volume makes up for it.