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Nintendo Financials (August 2025): results and highlights

Lite_Agent

Nintendo has shared its latest financial results, covering the period ended June 2025 (April 1st 2025 to June 30th 2025). You will find all the details on these pages:

  • Consolidated Financial Highlights, with consolidated operating results, the forecast for the current Fiscal Year, Nintendo comments, sales information (regional breakdown, digital sales), sales data and forecast, and more
  • Financial Results Explanatory Material, with lots of additional sales data, list of million-sellers this Fiscal Year, release planning, and more

Some highlights:

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  • The Nintendo Switch 2 is off to a fantastic start with, as previously reported, over 3.5 million units sold during the first 4 days: that’s the highest-ever global sales for any Nintendo console ever. Due to sales surpassing Nintendo’s expectations, the company is strengthening production to increase supply (with demand exceeding supply in many countries).
    • Hardware: 5.82 million units sold in June, and over 6 million units during the first 7 weeks (up until ~July 24th)
    • Software: 8.67 million units
  • Mario Kart World is also off to a great start with 5.63 million units (including those bundled with the console, which account for the vast majority of sales. Important note: net sales from software bundled with hardware is entirely classified as hardware sales)
  • Since the Nintendo Switch 2 can play Nintendo Switch games, sales of older games like Mario Kart 8 Deluxe and Super Mario Jamboree were fairly strong too.
  • Nintendo Switch (Hardware): 0.98 million units sold.
  • Nintendo Switch (Software): 24.40 million units sold.
  • Digital sales dropped to 69.8 billion Yen during Q1 (-13.5% Year on Year), mostly due to a decrease in sales of downloadable versions of retail games for Nintendo Switch.
  • Mobile and IP related business saw its sales drop to 16.7 billion Yen (-4.4% Year on Year), mainly due to a drop in movie-related revenue.
  • Despite Nintendo Switch 2 sales surpassing its expectations, Nintendo did not make any change to its forecast for the current Fiscal Year (shared back in May).
  • For Nintendo Switch 2, the plan is to maximise sales by maintaining the momentum of Mario Kart World, and continually introduce new games.
  • For Nintendo Switch, the plan is to “everage the hardware installed base and rich software library to further expand sales of evergreen titles and maintain engagement.”
  • Due to the higher price of the Nintendo Switch 2 (compared to the Nintendo Switch), net sales saw a significant increase during Q1. Also, the gross profit margin dropped due to the higher proportion of Hardware sales, and especially with the Nintendo Switch 2 having a lower profit margin than the Nintendo Switch.

Here’s sales data for some games (courtesy of Mazi):

  • Mario Kart World – 5.63M
  • Mario Kart 8 Deluxe – 68.86M (+660K)
  • Animal Crossing: New Horizons – 48.19M (+370K)
  • Super Smash Bros. Ultimate – 36.55M (+310K)
  • The Legend of Zelda: Breath of the Wild – 33.04M (+230K)
  • Super Mario Odyssey – 29.50M (+220K)
  • Pokémon Scarlet and Violet – 27.15M (+360K)
  • Pokémon Sword and Shield – 26.84M (+120K)
  • The Legend of Zelda: Tears of the Kingdom – 21.93M (+200K)
  • Super Mario Party – 21.19M (+30K)
  • New Super Mario Bros. U Deluxe – 18.36M (+110K)

The following pages were also updated:

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Top Selling Title Sales Units: Top 10 Software for each platforms:

Nintendo Financials – Briefing

No investors briefing for Q1!

Nintendo Financials – Q&A

No investors briefing for Q1, so no Q&A session either!

Lite_Agent

Founder and main writer for Perfectly Nintendo. Tried really hard to find something funny and witty to put here, but had to admit defeat.