Nintendo brought back a quarter come on record profits thanks to the successful releases of The Legend of Zelda: Tears of the Kingdom e del film di Super Mario Bros. The company has released financial results for the three months to June 30, and the numbers are staggering.
Nintendo, Zelda and Mario bring record profits
Net sales reached i 461.3 billion yen (about 2.9 billion euros), with a 50% increase over the previous year. Operating profit increased 82.4 percent to 185.4 billion yen (about $1.2 billion). This is the first quarter profit highest ever recorded by Nintendo, surpassing the 2020 record set after the release of Animal Crossing: New Horizons during the first months of the pandemic.
The output of The Legend of Zelda: Tears of the Kingdom it had a significant impact on Nintendo’s sales and profits. The game has sold 18.51 million units during the first quarter, becoming the ninth best-selling game for the console by Nintendo.
Similarly, the film of Super Mario Bros. contributed to a 190.1% increase in the company’s “mobile and IP revenue” over the prior year. The film was extraordinarily successful at the box office, grossing over $1 billion worldwide. Nintendo has confirmed that the film has also helped boost sales of existing Mario games.
Even though Switch console sales are still up from the same quarter last year, with 3.91 million units sold versus 3.43 million units, there is the impression that the hardware is approaching the end of its life cycle.
Nintendo’s release schedule for the rest of the year looks significantly leaner, leading to speculation about the possible announcement of a successor to the Switch. A launch, possible in 2024, could also revive Nintendo’s hardware. Continuing the golden years of the company, which have now continued since the launch of the Switch.