Microsoft was rather positive about the loss, though. Chris Suh, who leads IR, pointed out that it's a 22% improvement on a year-over-year basis. He attributed the loss to a weak display ad market.
Since 2005, the last time Microsoft had a positive income result for its Online group, it has lost $11.98 billion. If you include the $6.2 billion right down for aQuantive, the total loss for the Online group since 2005 is a whopping $18.2 billion. From Business Insider