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Xbox Game Pass Grows with Indiana Jones, Call of Duty; Hardware Sales Decline

by Gabriel Apr 17,2025

During today's Q2 investors call, Microsoft CEO Satya Nadella announced that Indiana Jones and The Great Circle has captivated an impressive 4 million players. This milestone stands out as a highlight in an otherwise routine earnings report for Microsoft's gaming division. Developed by MachineGames, this latest release has not only received critical acclaim and numerous awards but also managed to attract millions of players despite its availability on Xbox Game Pass, which often makes sales numbers harder to gauge.

We were thoroughly impressed with Indiana Jones and The Great Circle, describing it as an "irresistible and immersive global treasure hunt." The game has also been nominated for Game of the Year and Best Xbox game. For a detailed review, you can visit our full coverage here.

On the broader Xbox front, Microsoft reported a 30% growth in Game Pass PC subscriptions last quarter, setting a new record for quarterly revenue. Additionally, cloud gaming saw 140 million hours of streaming, contributing to a 2% increase in Xbox content and service revenue.

Despite these positive developments, challenges remain. Overall gaming revenue declined by 7%, and Xbox hardware revenue dropped significantly by 29%. This indicates that while Microsoft's focus on Game Pass is yielding results, particularly with the recent slate of big releases including Indiana Jones and The Great Circle, Call of Duty: Black Ops 6, and Microsoft Flight Simulator—all available day one on Game Pass for Ultimate subscribers—there is still work to be done to bolster its position in the console and hardware market.

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