A recent presentation before the SEC (U.S. Securities and Exchange Commission) by Microsoft has revealed that the remuneration objectives of the CEO Satya Nadella This time they have reduced the growth targets for the subscription service Xbox Game Pass of the company. Spotted by Axios, the new target for performance-based incentive Nadella for the last fiscal year, which ended June 30, 2023, it was 4.4 percent growth for revenue Content and Xbox services.
The revenue growth target was not met, as revenue from Xbox Content and Services they grew just 0.7 percent during the fiscal year. Notably, only 10 percent of performance-based incentives Nadella are composed of the objectives of Xbox.
According to Axios, the goals of Nadella have previously included the growth of Xboxwith last year’s goal being 73 percent growth in subscribers for the service Game Pass. However, the company was only able to achieve 28 percent growth.
Microsoft recently completed its acquisition of Activision Blizzard. Despite the acquisition, the CEO of Activision Blizzard, Bobby Kotickwill remain in office until the end of the year.
Via: Game World Observer
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