United Kingdom, April 30 -- Asha Sharma has admitted there is "work to do" to turn around Xbox's financial performance, as the company looks to steady the business following a challenging period.

Sharma, who took over from Phil Spencer earlier this year, made the comments after Microsoft reported declining gaming revenues in its latest quarterly results.

For the three months ending March 31, 2026, overall gaming revenue fell by seven per cent, while Xbox content and services revenue dropped five per cent. Hardware sales saw the steepest decline, with Xbox console revenue down 33 per cent, continuing a downward trend for Xbox Series X and Series S.

Sharma posted on X: "While we have made progress expanding the business and our margins, ...