Nintendo financial results – February 2025 – Switch at 150.86 million units, more

Nintendo just published its latest financial results for February 2025, which is for the first three quarters of its financial year (nine months). As usual, we have the latest updates on Switch hardware and software sales, overall performance for the company, and more.

Below are the full highlights:

– Operating profit this period – 247.5 billion yen 
– Ordinary profit this period – 327.1 billion yen

– Switch hardware total – 150.86 million
– Switch software total – 1,359.80 million units

– Overall Switch sales this period – 9.54 million
– Standard Switch sales this period – 2.74 million
– Switch OLED sales this period – 5.07 million
– Switch Lite sales this period – 1.73 million

– Modified Switch hardware forecast: reduced from 12.50 million to 11 million
– Modified Switch software forecast: reduced from 160 million to 150 million

– Mobile, IP related income, etc. this period – 49.7 billion yen

Regarding the Nintendo Switch business during the nine months ended December 31, 2024, sales of titles released during this fiscal year increased steadily, with The Legend of Zelda: Echoes of Wisdom (released in September) recording sales of 3.91 million units, and Super Mario Party Jamboree (released in October) selling 6.17 million units. In addition, we saw stable sales in titles released through the end of the previous fiscal year, with Mario Kart 8 Deluxe selling 5.38 million units (for cumulative sales of 67.35 million units).

As a result of these factors, the total number of million-seller titles during this period reached 19, including titles from other software publishers. Hardware sales totaled 9.54 million units (a decrease of 30.6% year-on-year), and software sales totaled 123.98 million units (a decrease of 24.4% year-on-year). Sales of both hardware and software declined compared to the same period of last fiscal year, when sales were substantially driven by The Legend of Zelda: Tears of the Kingdom (released in May 2023) and Super Mario Bros. Wonder (released in October 2023). Even so, sales remained steady for a platform in its eighth year.

Turning to our digital business for our dedicated video game platform, digital sales totaled 245.8 billion yen, down 29.0% year=on-year, mainly due to a decrease in sales of Nintendo Switch downloadable versions of packaged software.

In the mobile and IP related business, sales rose significantly in the same period of last fiscal year, thanks to the high level of audience engagement with The Super Mario Bros. Movie, which was released in April 2023. For this period, sales came to 49.7 billion yen, down 33.9% year-on-year, due to a decrease in revenue related to the movie.

The end result is that overall sales reached 956.2 billion yen, with sales outside of Japan of 731.5 billion yen accounting for 76.5% of the total, and operating profit came to 247.5 billion yen. Interest income of 44.0 billion yen and other factors resulted in ordinary profit of 327.1 billion yen, and profit attributable to owners of parent of 237.1 billion yen.

Although Nintendo Switch hardware and software sales through the third quarter were below expectations, Nintendo Switch
continues to be enjoyed by many people. Going forward, we will continue to release new offerings so even more consumers keep playing Nintendo Switch. Looking at software, we released Donkey Kong Country Returns HD in January and plan to follow up with the release of Xenoblade Chronicles X: Definitive Edition in March. Other software publishers also have plans to release a wide variety of titles, and we will strive to invigorate the platform by continually introducing new titles in addition to the existing titles.

We have revised the financial forecast originally published on November 5, 2024, in consideration of the sales trend through the nine months ended December 31, 2024, prospects for the remainder of the fiscal year, as well as a reevaluation of the assumed exchange rate. We have also modified our Nintendo Switch hardware and software unit sales forecast for the fiscal year.

Thanks to Nintendo for today’s data and information.