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With Game Pass Ultimate, which accounts for nearly [70-80]% of the current [...] million Game Pass subscribers, Microsoft may have a [...] which Microsoft discusses in its internal documents.
Link to document https://ec.europa.eu/competition/mergers/cases1/202330/M_10646_9311516_7443_3.pdf…
Considering Game Pass was at 25M before the European Commission began looking into the case, and Game Pass has had continuous quarterly YOY growth since January 2021, the range for GPU should be at least 17.5M to 20M, probably close to 20M as of today.