Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma [MSNBC.com]
Microsoft Corporation (MSFT)
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Source: MSNBC.com
Microsoft's"Last year, Phil Spencer made the decision to retire from the company, and since then we've been talking about succession planning," Microsoft CEOSatya NadellaRevenue from video games declined about 10% in the December quarter from a year earlier, a steeper drop than the company expected, while total revenue grew nearly 17%. Microsoft announced an unspecifiedimpairment chargeThe company made a $75 billion bet to expand its games business with the2023 acquisitioncurrent generation Xboxhaven't beenSony'sshuttered studiosNadella said in the memo that Spencer, whotook charge"Over 38 years at Microsoft, including 12 years leading Gaming, Phil helped transform what we do and how we do it," Nadella wrote.Asha Sharma, who joined Microsoft in 2024 fromInstacartMeta"We will recommit to our core Xbox fans and players, those who have invested with us for the past 25 years, and to the developers who build the expansive universes and experiences that are embraced by players across the wo
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News
- Xbox boss Phil Spencer retires as Microsoft shakes up gaming unit [BNN Bloomberg (Canada)]BNN Bloomberg
- Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma [MSNBC.com]MSNBC.com
- Microsoft just named Asha Sharma as its new Xbox CEO. Read the memos. [Business Insider]Business Insider
- Microsoft: Why I Set A $370 Buy Order [Seeking Alpha]Seeking Alpha
- Microsoft says today’s Xbox shakeup doesn’t mean game studio layoffs [Verge, The]Verge, The
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- 2/3/26 - Form 4
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