Like everything else in the industry, after two particularly strong years for video games and entertainment due to various containment phases, Nintendo is posting declining revenues in the first quarter of its fiscal year.
A decline for sure, but figures that are still very comfortable with €2.2 billion in revenue for the quarter, a 5% drop. The brand’s operating profit was 750 million euros, down 15%.
For fiscal year 2021, Nintendo ends up at €11.8 billion in revenue and €3.7 billion in operating profit and €2.5 billion in net profit.
The brand was able to count on the success of Nintendo Switch Sports in the first quarter, which sold 4.84 million copies, followed by Mario Strikers: Battle League Football with 1.91 million copies, Kirby and the Forgotten World with 1.88 million and Mario Kart 8 Deluxe with 1.48 million sales in the period.
All told, Nintendo sold 41.41 million games between April and June 2022 for a total of 863 million overall.
With regard to consoles, Nintendo sold 3.43 million machines in the quarter, a figure handicapped by the various semiconductor shortages that slowed production. In total, 111 million Switch have been sold since its launch. This year, Nintendo hopes to sell another 21 million hybrid consoles to reach a total base of 128 million consoles by the end of March 2023.