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Microsoft Corporation (MSFT) Management Presents at Jefferies Interactive Entertainment Virtual Conference (Transcript)

Nov. 13, 2020 8:45 AM ETMicrosoft Corporation (MSFT)
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Microsoft Corporation (NASDAQ:MSFT) Jefferies Interactive Entertainment Virtual Conference November 12, 2020 1:00 PM ET

Company Participants

Tim Stuart - CFO, Xbox

Conference Call Participants

Brent Thill - Jefferies

Alex Giaimo - Jefferies

Brent Thill

Welcome, everyone. My name is Brent Thill. I run the software group at Jefferies. I'm joined by Alex, my partner, who runs the gaming segment for us.

We want to welcome you and bring in Tim Stuart from Microsoft. Tim's the CFO and runs a lot of other things related to the gaming business inside Microsoft. He's been there a short 18 years and 6 months, and he has phenomenal experience. We know the Masters is kicking off on ESPN on the other side of this, so Tim is very confident we'll hold a higher court than Tiger Woods. Tim, thanks for joining.

Question-and-Answer Session

Q - Brent Thill

We're obviously riding the launch here. Maybe just bring us up to speed on the strategy this cycle, what you're seeing so far. You won't take my money right now. So everyone's asking, when are we actually going to be able to get these?

Tim Stuart

Yes, I wish I had some handouts for the show here. No, I think that it's a very unique time in gaming in general, as we know, with the pandemic going on and other things. But also, as you look over the last 4 or 5 years, just a very big change in gaming. We think about subscriptions, when you think about digital, when you think about new consoles. I love where we're at in terms of how we got here.

So your point is exactly right. 2 days ago, we launched Xbox Series X and Xbox Series S. It's our biggest launch we've ever done in terms of units and geographies and our

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