Nintendo FY’24 Q1 Results
Nintendo’s quarterly report dropped and the company had a fabulous showing; being their most profitable first quarter ever.
The Switch moved 3.91 million units - a fantastic result for a console in its seventh year.
Tears of the Kingdom sold 18.51 million units - insane. It is surely well over 20 million units in real time.
Mario games saw a major boost in sales due to The Super Mario Bros. Movie
Mario Kart 8 Deluxe sold an additional 1.67 million units during the quarter.
Super Mario Odyssey sold an additional 680k units
New Super Mario Bros. U Deluxe sold an additional 760k units (I’ll say it again - New Super Mario Bros. Wonder is going to be a MONSTER this holiday season).
Here is a breakdown of all increased unit totals. Shout out to mazi over at Install Base for consistently updating these numbers each quarter:
Pokémon Brilliant Diamond and Shining Pearl - 15.06M (+140K since September 2022)
Splatoon 2 - 13.60M (+300K since March 2022)
Super Mario Maker 2 - 8.42M (+530K )
The Legend of Zelda: Links Awakening - 6.46M (+380K)
Clubhouse Games: 51 Worldwide Classics - 4.64M (+420K since March 2022)
Donkey Kong Country: Tropical Freeze - 4.62M (+500K)
Mario Tennis Aces - 4.50M (+220K)
Kirby Star Allies - 4.38M (+400K)
The Legend of Zelda: Skyward Sword HD - 4.15M (+240K since March 2022)
Fire Emblem: Three Houses - 4.12M (+300K)
1-2 Switch - 3.74M (+110K)
Paper Mario: The Origami King - 3.47M (+130K)
Yoshi’s Crafted World - 3.35M (+340K)
Metroid Dread - 3.04M (+140K since March 2022)
Arms - 2.72M (+60K)
Xenoblade Chronicles 2 - 2.70M (+260K)
Mario Golf: Super Rush - 2.48M (+130K since March 2022)
Pikmin 3 Deluxe - 2.40M (+170K)
Captain Toad: Treasure Tracker - 2.35M (+220K)
Pokémon Mystery Dungeon: Rescue Team DX - 1.99M (+100K)
Big Brain Academy: Brain vs. Brain - 1.94M (+350K since March 2022)
Xenoblade Chronicles: Definitive Edition - 1.88M (+200K)
Miitopia - 1.79M (+110K since March 2022)
Mario Kart Live: Home Circuit - 1.73 (+150K)
Marvel Ultimate Alliance 3: The Black Order - 1.60M (+100K)
WarioWare: Get It Together! - 1.34M (+70K since March 2022)
Astral Chain - 1.33M (+50K)
Dr Kawashima's Brain Training for Nintendo Switch - 1.27M (+70K)
Bayonetta (Switch) - 1.24M
Bayonetta 2 (Switch) - 1.23 (+190K)
Game Builder Garage - 1.15M (+90K since March 2022)
Shin Megami Tensei V - 1.10M (+100K since April 2022)
The Top 10 software titles have been shifted now that ToTK debuts on the list (Ring Fit Adventure has been knocked off the list!). Nintendo really needs to make this a top 20 or 30 list. A title would need to sell over 16 million units just to make it onto the list now.
Mario Kart 8 Deluxe - 55.46M (+1.67M)
Animal Crossing: New Horizons - 42.79M (+580K)
Super Smash Bros. Ultimate - 31.77M (+680K)
The Legend of Zelda: Breath of the Wild - 30.65M (+840K)
Super Mario Odyssey - 26.44M (+680K)
Pokémon Sword and Shield - 25.92M (+100K)
Pokémon Scarlet and Violet - 22.66M (+560K)
Super Mario Party - 19.39M (+250K)
The Legend of Zelda: Tears of the Kingdom - 18.51M (NEW!!)
New Super Mario Bros. U Deluxe - 16.17M (+760K)
Out of the 18.51 million units of ToTK shipped and sold digitally, 15.70 million were sold through to consumer. ToTK pushed hardware adoption during the quarter and was a massive chunk of that 52.21 million units sold during the quarter. Another interesting tidbit:
Most of players who picked up ToTK were Breath of the Wild players, which is expected, but there are gamers who are picking up ToTK without having played BotW according to Nintendo’s data. I suspect there will be continued interest in BoTW - which we saw during ToTK’s release as BoTW began charting higher again.
Also, with ToTK moving Switch hardware despite BoTW being on the system bodes well for Super Mario Bros. Wonder ability to move hardware units, despite having 2D Mario and other Mario games already available on the platform.
The Switch userbase is also extremely active:
Nintendo counts an annual user as someone who fired up their console and played a game at least once during the year. The Switch base buys tons of games and they play them too.
I expect the summer to be slower quarter as there’s nothing to the magnitude of Zelda to push hardware. But Nintendo is off to a good start this fiscal year.
I’m still bullish on Nintendo this year, especially after these results. They haven’t increased their targets at all, but I still think they’ll exceed their 15 million Switch target for the year.