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00:03Microsoft's Xbox unit is targeting higher profitability under CEO Asha Sharma
00:07after reporting a 10% quarterly revenue decline, its weakest performance since 2022,
00:13according to CNBC. Sharma told employees the company aims to restore margin growth,
00:18expand its player base, and increase revenue in the fiscal year ending June 2027.
00:23She said every studio and business function will be responsible for returning the gaming
00:27division to growth while building long-term plans for major franchises across film,
00:33television, consumer products, and global partnerships. Sharma also said Microsoft will
00:38invest more in Minecraft, expand casual gaming through King, the maker of the Candy Crush saga
00:44games. Xbox aims to accelerate revenue growth in fiscal 2028 and 2029 before reaching sustained
00:51double-digit player and engagement growth with industry-leading margins by fiscal 2030.
00:55For all things money, visit Benzinga.com.
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