Xbox Leadership Memo Warns of Revenue Decline and Plans 'Reset' After $20B Investment
By
Sal Romano
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Xbox CEO Asha Sharma and EVP Matt Booty published an internal staff memo addressing the company's first 100 days under new leadership. Despite over $20 billion in investment (excluding Activision Blizzard King), Xbox's core revenue has declined and is projected to end the fiscal year with only a ~3% margin. The memo outlines plans to "reset for a stronger Xbox" amid significant business challenges and potential restructuring.
Key quotes
· 3 pulledDespite over $20 billion in investment over the past five years, excluding Activision Blizzard King, the business' core revenue has declined
The memo paints a bleak outlook
reset for a stronger Xbox
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