GAMING HARDWARE

30% drop in hardware income, coupled with declining game gross sales, forces Nintendo to cut full-year forecast again

Nintendo has launched its monetary report for the nine-month interval ended December 31, 2024. The Japanese firm recorded declines throughout all key enterprise metrics.

Super Mario Party Jamboree

Financial highlights

  • According to its earnings presentation, Nintendo reached ¥956.2 billion ($6.16 billion) in internet gross sales in Q1-Q3 FY25, down 31.4% in contrast to the identical interval final yr.
  • Operating revenue fell 46.7% year-over-year ¥247.5 billion ($1.6 billion), whereas internet revenue was down 41.9% to ¥237.1 billion ($1.52 billion).
  • 76.5% of all Nintendo gross sales got here from abroad markets. The Americas accounted for 43.6% of the entire, adopted by Europe (25.3%) and Japan (23.5%).
  • The share of digital gross sales proceed to develop. They now account for 51% of the corporate’s whole internet income, up 2.9 share factors from the identical interval final yr.

  • Nintendo as soon as again revised its full-year income forecast, reducing it from ¥1.28 trillion ($8.23 billion) to ¥1.19 trillion ($7.65 billion). It now additionally expects its working revenue to attain ¥280 billion ($1.8 billion) in the fiscal yr ending March 31, 2025, down 22% from the earlier outlook of ¥360 billion ($2.3 billion).
  • The firm cited the gross sales pattern via the most recent nine-month interval and the continued decline in hardware income, in addition to a “reevaluation of the assumed exchange rate” amid the weak point of the yen, as key elements influencing the revised forecast. In addition, 2023 outcomes had been pushed by sturdy performances from The Legend of Zelda: Tears of the Kingdom and Super Mario Bros. Wonder, with no new main hits like these in the present fiscal yr.

Nintendo’s hardware and game gross sales in Q1-Q3 FY25

  • In the nine-month interval, Nintendo Switch gross sales reached 9.54 million items, down 30.6% year-over-year. The OLED mannequin remained the preferred model, with over 5 million items offered.
  • Switch’s lifetime gross sales surpassed 150 million items. It stays the third best-selling console of all time, behind solely Nintendo DS (154 million) and PlayStation 2 (160 million).
  • Game gross sales fell 24.4% year-over-year to 123.98 million copies. Overall, Nintendo had 19 million-seller titles in Q1-Q3, together with 12 first-party video games.

  • Super Mario Party Jamboree was the best-selling first-party launch in the nine-month interval, with 6.17 million copies offered. It is adopted by Mario Kart 8 Deluxe (5.38 million), The Legend of Zelda: Echoes of Wisdom (3.91 million), and Nintendo Switch Sports (2.63 million).
  • The variety of annual paying customers reached 129 million as of December 31, 2024, up from 127 million in the identical interval final yr.



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