Nintendo quarterly earnings were released today. Thanks to the Mario movie and new Zelda game, they absolutely super smash bro’d it 💥
-revenue was up 50% YOY!
-profit up 52.1%!
-Zelda TOAK sold 18.51 million units
-the Mario movie generated $1.3B in box office revenue
-with 3.91 million Switch sales in the quarter, total Switch console sales are up to 129.53 million. Not bad for a 6 year old console.
Gross profit was up 52.3%, in large part to the proportion of software downloads. Costs are almost negligible when consumers download in comparison to purchasing a physical game.
I’m a long term shareholder in $NTDOY
, it makes up about 11% of my portfolio, so I’m delighted to see the IP finally being utilised successfully.