Despite appearances, it's not all sunshine and rainbows over at Xbox land.

As much as Microsoft would like you to believe that the Xbox Game Pass is the best video game subscription service (and, for several reasons, it is), it's come up short of internal expectations for two years straight.

According to Microsoft Gaming CEO, Phil Spencer, the Game Pass has gotten to a point where it has "reached everybody on console that wants to subscribe." However, the truth is not as straightforward. Axios reports that the Game Pass failed to hit its target growth rate (73%) for the fiscal year that ended on June 30, achieving only a 28% growth. Furthermore, Axios points out that this is the second year in a row that the Game Pass didn't meet its target after posting excellent numbers two years ago.

This revelation is surprising, to say the least. Earlier this month, Microsoft revealed to the Administrative Council for Economic Defense of Brazil that the Game Pass generated $2.9 billion from consoles last year.