Microsoft announces release of CLeM game, predicts strong gaming revenue growth.

From Nasdaq: 2024-07-04 09:46:00

1. Microsoft’s MSFT Xbox announces the release of CLeM, the fourth installment of the Psychotic Adventures game saga by Mango Protocol on Jul 17 for Xbox Series X|S and Xbox One. Inspired by a short movie script written in 2006, the game offers an immersive puzzlevania experience with dark, cute, and creepy elements.

2. Xbox reveals upcoming games like Gears of War: E-Day and Doom: The Dark Ages to boost gaming revenues. Zacks estimates MSFT’s fiscal 2024 gaming revenues to reach $21.4 billion, a 38.8% YoY growth. Xbox introduces new console options and a robust lineup of titles this holiday season, facing competition from Sony, Electronic Arts, and Nintendo.

3. Xbox anticipates revenue growth in the low-to-mid 40s in Q4, with a 50% net impact from the Activision acquisition. Zacks predicts MSFT’s Q4 fiscal 2024 earnings per share at $2.9 and $11.77 for 2024. Strong competition in the gaming sector remains a concern for Microsoft’s upcoming games and revenue growth.



Read more at Nasdaq: Microsoft (MSFT) Announces Story Details of Upcoming Game CLeM