Nintendo FY3/2025 Q2 Financial Results

DOCUMENTS

Financial Results Explanatory Material
Consolidated Financial Highlights

HIGHLIGHTS

• Switch sells 2.62m units during Q2 (-10.6% down YoY)

• Switch LTD sales have reached 146.04m

The big new to me is Nintendo has revised its Switch hardware forecast down from 13.5m to 12.5m. That tells me a couple of things I will discuss in a later post. Software was also reduced by 5m units from 165m to 160m:

I felt it would be challenging for Nintendo to hit it’s 13.5m target after last quarter’s results:

Switch hardware forecast remains 13.5m. Meaning Nintendo would have to ship 11.4 million units during the rest of the fiscal year. Many on Twitter/X have pointed out that the Switch sold 11.8 million units from July 2023 to March 2024 - meaning Switch sales from here on out would essentially have to match last years performance.

That’s going to be tough.

Shout out to mazi over at Install Base Forums for the updated software totals:

• Mario Kart 8 Deluxe - 64.27M (+1.37M)

• Animal Crossing: New Horizons - 46.45M (+600K)

• Super Smash Bros. Ultimate - 35.14M (+480K)

• The Legend of Zelda: Breath of the Wild - 32.29M (+240K)

• Super Mario Odyssey - 28.50M (+290K)

• Pokémon Sword and Shield - 26.44M (+90K)

• Pokémon Scarlet and Violet - 25.69M (+400K)

• The Legend of Zelda: Tears of the Kingdom - 21.04M (+240K)

• Super Mario Party - 20.98M (+140K)

• New Super Mario Bros. U Deluxe - 17.77M (+160K)

• Nintendo Switch Sports - 14.37M (+1.26M since March 2024)

• The Legend of Zelda: Echoes of Wisdom - 2.58M

• Paper Mario: The Thousand-Year Door - 1.94M (+180K)

• Luigi's Mansion 2 HD - 1.57M (+380K)