You understand those things they are buying have value right? That they are not just throwing money into the void. Investing in future growth is what businesses does in a competitive environment. If they don't keep buying stuff their service will fail and they will lose everything they had invested to that point. Thats how you don't make money.

Microsoft is buying stuff. Game Pass isn’t buying stuff. Microsoft makes plenty of money. Notice how any one can decide where to draw the line of what is what.

Why do you keep bringing Phil up. A loss leader isn’t the same thing as a growing SaaS. You are putting words in his mouth while repeating Phil said this, said that.

Yes, Microsoft makes plenty of money, that's how they're able to run game pass as a loss leader. Literally the original point.

So then game pass doesn’t lose billions. It makes billions since Microsoft does. Using your logic of assigning expenses and profit any where