Category: finance

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Xbox Revenue Drops 2% YoY, Hardware Revenue Falls 29% Due to Fewer Consoles Sold

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Microsoft has released its earnings report for the first quarter of the 2026 fiscal year, which ended up September 30, 2025. Xbox gaming revenue decreased by $113 million or two percent year-on-year to $5.51 billion. This was driven by a decline in hardware, offset partially by growth in content & service. This is better than the forecast, which expected a decline in the mid to high single digits percent (-4% to -9%). Xbox content & services revenue increased one percent compared to the same quarter a year ago. This was driven by growth in third-party content and Xbox Game Pass, partially offset by a decline in first-party content. This is better than the forecast, which expected a decline in the mid single digits percent (-4% to -6%). Xbox hardware revenue dropped 29 percent year-on-year due to a lower volume of consoles sold. There was no forecast given for hardware. Microsoft did increase the price of Xbox consoles in most regions on May 1 and a second time in the US on October 3. Overall for the quarter, Microsoft reported for the quarter revenue was up 18 percent year-over-year to $77.673 billion, operating income increased 24 percent to $37.961 billion, and net income was up 12 percent to $27.747 billion. A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can follow the author on Bluesky.Full Article – https://www.vgchartz.com/article/466133/xbox-revenue-drops-2-yoy-hardware-revenue-falls-29-due-to-fewer-consoles-sold/

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Gold slips below $4,000 as US–China trade hopes lift risk appetite

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The post Gold slips below $4,000 as US-China trade hopes lift risk appetite appeared com. Gold price drops 0. 63% on Tuesday during the North American session with the yellow metal suffering from its safe-haven appeal as hopes of a de-escalation of the US-China trade war keep ebbs and flows going toward riskier assets like US equities. At the time of writing, XAU/USD trades at $3,955, after bouncing off three-week lows beneath $3,900. Yellow metal loses safe-haven bid ahead of Trump-Xi meeting; Fed cut expectations to cushion fall The US-China trade war seems to be fading following last week’s meeting between senior officials in Malaysia. Discussions about tariffs, shipping fees, fentanyl and rare-earth export controls had set the stage for a possible agreement as US President Donald Trump and his Chinese counterpart Xi Jinping will meet on Thursday. Meanwhile, geopolitics could cap Gold’s losses as the Jerusalem Post reported that “The response to the current violations by Hamas will be significantly greater than the response last time,” citing sources. If hostilities in the Middle East resume, Bullion could trim some of its last two weeks’ losses and be poised to reclaim the $4,000 figure. Gold, a traditional hedge during times of uncertainty and a non-yielding asset, has gained 51% this year, bolstered by geopolitical and trade tensions, as well as lower interest rates in the US. Aside from this, the Federal Reserve (Fed) is expected to cut rates by 25 basis points (bps) at the Wednesday’s meeting, followed by a subsequent reduction in December, according to Prime Market Terminal interest rate probability tool. Daily market movers: Gold price dives despite broad US Dollar weakness The US Dollar Index (DXY), which tracks the performance of the buck versus six currencies, edges down 0. 11% to 98. 68. The US 10-year Treasury note yield is virtually unchanged at 3. 981%. US real yields which correlate inversely to Gold prices.

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Bitplanet Launches $40M Bitcoin Accumulation Plan Amid Corporate Rebrand

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The post Bitplanet Launches $40M Bitcocom. Bitcoin In a move that signals the start of a new era for South Korean finance, Bitplanet has become the country’s first publicly traded firm to add Bitcoin to its corporate reserves. The company confirmed the purchase of 93 BTC, marking the opening stage of a far larger plan to integrate Bitcoin into its treasury operations. The acquisition, valued in the millions, is only the first step in what the firm describes as an “ongoing daily accumulation program”-a strategy that will eventually see Bitplanet holding up to 10, 000 BTC. The plan is being supported by Metaplanet CEO Simon Gerovich and Sora Ventures, both known for their work in institutional crypto expansion. From Cybersecurity Roots to Digital Treasury Pioneer Bitplanet’s transformation is striking. Once known as SGA Co., a company specializing in cybersecurity and IT infrastructure, it has now rebranded and shifted its focus toward building a Bitcoin-focused financial model. The firm says this evolution is part of a long-term vision to modernize its corporate structure and adapt to the realities of a digital economy. For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,. pic. twitter. com/hEmpvh9fUL Bitplanet Inc. (@Bitplanet_KR) October 26, 2025 According to Co-CEO Paul Lee, the transition was not a sudden pivot but a carefully executed strategy built on transparency and risk control. “Our treasury plan operates under the same financial oversight expected of any listed company,” he said, adding that all transactions are conducted through systems monitored by the Financial Services Commission (FSC). Lee also revealed that the company had already begun its purchasing phase quietly, testing operational systems and reporting mechanisms for two weeks before.

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Get Free PS Store Credit in New Cash App Offer

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Saving some money on video games is great, even if it’s just a few dollars. A new Cash App offer does just that, allowing users of the app to save a bit by giving free PS Store credit when making purchases on Sony’s digital storefront. How do you receive free PS Store Credit with Cash [.] The post Get Free PS Store Credit in New Cash App Offer appeared first on PlayStation LifeStyle.