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MICROSOFT CORPORATION

(MSFT)
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Microsoft : Spotlight on Xbox Game Pass as Microsoft showcases upcoming games

06/13/2021 | 04:43pm EDT
Xbox gaming equipment sits on a display shelf at Microsoft's new Oxford Circus store ahead of its opening in London

STOCKHOLM (Reuters) - Microsoft on Sunday showcased 30 upcoming games and said most of those titles will be available on its monthly subscription service, Xbox Game Pass.

The company said it would launch https://www.youtube.com/watch?v=1YnVzOA2wNs&ab_channel=Xbox new games on Game Pass every month through the end of the year, including titles such as PC strategy series "Age of Empires IV" and racing game "Forza Horizon 5."

One of Microsoft's big-ticket games, "Halo Infinite," is now set for a holiday launch this year after being delayed due to the challenge of developers being stuck at home during coronavirus restrictions.

Several of the game launches announced by Microsoft at the E3 conference came from video game publisher Bethesda, behind hits such as Fallout and Doom. Microsoft last year bought ZeniMax Media, parent company of Bethesda, for $7.5 billion.

Microsoft also announced launch dates of two big-budget games, exclusive to Xbox and PC - role playing game "Starfield" and vampire-themed shooting game "Redfall." "Starfield" will launch on Nov. 11, 2022 and "Redfall" next Summer. 

Both Microsoft and Sony launched their next-generation gaming devices in November last year and have seen heightened demand for the consoles as gamers stuck at home due to the pandemic snapped up the devices.

Gaming analytics firm Newzoo forecasts that the global games market will generate revenue of $175.8 billion in 2021, with 2.9 billion players, and surpass $200 billion in 2023.

Microsoft has also been developing its cloud gaming service to attract casual gamers and its own streaming devices.

Game Pass has hundreds of games playable on Xbox consoles, Android devices and PCs with a $9.99 monthly fee.

"What makes us different from a service like Netflix is that we give players both options, a subscription package and also a full retail store," said Phil Spencer, head of Xbox.

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Daniel Wallis)

By Supantha Mukherjee


ę Reuters 2021
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Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 435 M - -
Net cash 2021 66 621 M - -
P/E ratio 2021 36,7x
Yield 2021 0,78%
Capitalization 2 154 B 2 154 B -
EV / Sales 2021 12,6x
EV / Sales 2022 10,8x
Nbr of Employees 163 000
Free-Float 99,0%
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Technical analysis trends MICROSOFT CORPORATION
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Mean consensus BUY
Number of Analysts 40
Last Close Price 286,50 $
Average target price 324,98 $
Spread / Average Target 13,4%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Gina L. Loften Chief Technology Officer
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