Microsoft doesn’t seem worried about the recent backlash to the Game Pass price hike. In fact, they're expecting subscriptions to increase and cut losses in Xbox's services division next quarter.
In their latest earnings call for Q1 fiscal year 2026 (July to September), Microsoft executives revealed that Xbox's content and services revenue, which includes Game Pass, is stable and even seeing growth. This period doesn't include revenue from the Game Pass price hike, which took effect in most countries in October and will roll out everywhere else in November. We'll only see its effects on the next earnings call in late January 2026.
