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Innovation & Industry
Business

Nintendo Q1 net profit soars 52 percent

News RoomNews RoomAugust 3, 2023No Comments1 Min Read
Credit: Unsplash/CC0 Public Domain

Nintendo reported on Thursday a 52 percent jump in first-quarter net profits thanks to brisk sales of its latest “Zelda” game and the release of “The Super Mario Bros. Movie”.

Recording net income of 181 billion yen ($1.26 billion), the Japanese gaming giant left its net profit forecast for the full year to March 2024 unchanged at 340 billion yen.

“The Legend of Zelda: Tears of the Kingdom” had a “good start” after its release in May, recording sales of 18.51 million units, Nintendo said in a statement.

“The April release of ‘The Super Mario Bros. Movie’ positively impacted sales of ‘Mario’ related titles, with ‘Mario Kart 8 Deluxe’ recording sales of 1.67 million units (for cumulative sales of 55.46 million units),” it added.

“The Super Mario Bros. Movie” was the year’s first film to pass the global $1 billion mark at the box office.

Hardware unit sales increased 13.9 percent year on year to 3.91 million units, and software unit sales increased 26.1 percent to 52.21 million units.

Its results were also buoyed by a weaker yen, Nintendo said.

© 2023 AFP



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