This is a glimpse at our future under Techno-Feudalism, by the way. Five companies own all the entertainment and charge you extortionate rates to rent it. Please enjoy these last few years of Steam allowing indie games to be published with $20.00 or lower prices - once Gabe Newell goes away, inide devs are going to get “Spotified” out of existence by whatever venture capitalist buys up Steam.
Jez Corden, who’s considered generally reliable in the gaming leaks and rumors community, is pretty confident that game pass is profitable.
And I think separating dev costs from game pass P&L is the more reasonable way to look at it, as Corden explains: