Nintendo FY/2025 Q3 Financial Results

DOCUMENTS

Financial Results Explanatory Material
Consolidated Financial Highlights

HIGHLIGHTS

  • Switch has reached 150.86 units LTD

  • Switch sells 4.82m units during Q3 (30% down YoY)

  • Switch LTD sales have reached 150.86m

Switch hardware forecast was revised down again, this time from 12.5m to 11m. The Switch is slowing down and has at least just one more quarter to itself before Switch 2 likely releases. Software was also reduced by again this quarter by 10m units from 160m to 150m.

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

  • Mario Kart 8 Deluxe - 67.35M (+3.08M)

  • Animal Crossing: New Horizons - 47.44M (+990K)

  • Super Smash Bros. Ultimate - 35.88M (+740K)

  • The Legend of Zelda: Breath of the Wild - 32.62M (+330K)

  • Super Mario Odyssey - 29.04M (+540K)

  • Pokémon Sword and Shield - 26.60M (+160K)

  • Pokémon Scarlet and Violet - 26.38M (+690K)

  • The Legend of Zelda: Tears of the Kingdom - 21.55M (+510K)

  • Super Mario Party - 21.10M (+120K)

  • New Super Mario Bros. U Deluxe - 18.06M (+290K)

  • Nintendo Switch Sports - 15.74M (+1.37M)

  • Super Mario Bros. Wonder - 15.51M (+2.07M since March 2024)

  • Super Mario Party Jamboree - 6.17M

  • The Legend of Zelda: Echoes of Wisdom - 3.91M (+1.33M)

  • Paper Mario: The Thousand-Year Door - 2.06M (+120K)

  • Mario & Luigi: Brothership - 1.84M

  • Luigi's Mansion 2 HD - 1.80M (+230K)

Coming up on the end of it’s eighth year on the market, the Switch is still has a very active base that buys games and use their consoles (at least once a year).

Nintendo projects to sell 1.46 million Switch systems in Q4 (January to March 2025). I think that’s certainly doable. And if they make it, Switch will be at a total LTD of 152.32. If they hit that target, the Switch will reach a lifetime total of 152.32 million units. By then, we’ll have a clearer picture of the Switch 2, and the real analysis can begin on how Nintendo can position the Switch to overtake the mighty PS2.

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