Nintendo reported a surge in revenue and operating profit for the June quarter boosted by the success of the “Super Mario Bros. Movie” and the the popularity of its latest Zelda game for the Switch console.
Here’s how Nintendo did in its fiscal first quarter versus Refinitiv estimates:
Revenue: 461.34 billion yen ($3.2 billion) versus 395.40 billion yen expected.
Net profit: 181.02 billion yen versus 109.91 billion yen expected.

Nintendo’s revenue 50% from a year ago while net profit surged by 52%. Operating profit came in at 185.44 billion yen, ahead of expectations, jumping 82.4% year-on-year.
Nintendo also previously forecast sales of 15 million units of its flagships Switch games console series for its current fiscal year ending March 2024. That compares with just under 18 million units sold in the previous fiscal year.
The company said that it sold 3.91 million Switch consoles in the June quarter, up by 13.9% on the year.

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