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Investing.com -- Nintendo (TYO:7974) more than doubled its revenue in the fiscal first quarter, lifted by strong early demand for its new Switch 2 console, which launched on June 5.
The company reported revenue of 572.3 billion yen ($3.8 billion) for the three months ended June 30, up 132% from a year earlier and beating the 474.84 billion yen expected by analysts polled by LSEG.
Operating profit came in at 56.9 billion yen, also ahead of expectations for 53.46 billion yen.
Nintendo said it has sold 5.82 million units of the Switch 2 so far, with over 3.5 million sold in just the first four days of release.
Sales in the firm’s core gaming platform division surged 142.5% year-on-year to 555.5 billion yen, as the new console’s higher price point helped drive revenue growth.
Meanwhile, revenue from Nintendo’s IP-related business — which includes films and other media based on its games — fell 4.4% due to lower income from "The Super Mario Bros. Movie."
Despite the strong quarterly results, Nintendo kept its full-year guidance unchanged. The company continues to forecast revenue of 1.9 trillion yen and operating profit of 320 billion yen for the fiscal year ending March 2026.
Annual sales expectations for the Switch 2 were also held steady at 15 million units. Some, however, see that figure as conservative, given the console’s strong launch momentum.