Nintendo reported first-quarter results that topped revenue and profit estimates, even as Switch 2 console hardware sales fell 34.4% year-over-year to 3.82 million units. Revenue for the quarter ended June 30 came in at 517.8 billion yen, beating analyst expectations of 444.96 billion yen, while net profit rose 53.5% to 147.4 billion yen, surpassing the 78.30 billion yen estimate. Operating profit climbed 150.5% to 142.5 billion yen, aided by roughly $300 million in tariff refunds recorded as a reduction of cost of sales. Software sales for the Switch 2 rose 9.2% to 9.46 million units, and original Switch software jumped 38.6% to 33.81 million units, led by Tomodachi Life: Living the Dream at 7.94 million units. IP-related income more than doubled to 34.8 billion yen, driven by The Super Mario Galaxy Movie surpassing $1 billion in global box office. Nintendo left its full-year outlook unchanged, projecting net sales of 2.05 trillion yen and net profit of 310 billion yen, with Switch 2 hardware expected to reach 16.5 million units, a roughly 17% decline from the prior year.
Nintendo Co., Ltd.Q1 earnings beat estimates with net profit up 53.5% and operating profit up 150.5%.
