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Lights, Camera, Profits: ‘The Super Mario Bros. Movie’s Impact on Q1

Nintendo attributed its first-quarter success, which ended on June 30, to the box office triumph of Universal Pictures’ April release of Nintendo’s Super Mario Bros. 

All Mario-related game sales were helped by the “Movie,” particularly “Mario Kart 8 Deluxe,” which generated sales of 1.67 million units in the quarter and 55.46 million altogether. 

As a result, Nintendo experienced a 13.9% year-on-year increase in Nintendo Switch hardware unit sales (3.91 million units) and a 26.1% year-on-year increase in software unit sales (52.2 million units).

Furthermore, the launch of the video game title “The Legend of Zelda: Tears of the Kingdom” in May also generated strong sales, selling 18.51 million units. 

Digital revenue saw a significant 35.9% year-on-year increase to 119.6 billion yen ($840 million) due to the depreciation of the yen against the U.S. dollar and robust Nintendo Switch packaged software sales, as well as rising Nintendo Switch Online sales.

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Nintendo’s Q1 Profits Skyrocket Thanks to Movie Royalties

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Nintendo attributed its first-quarter success, which ended on June 30, to the box office triumph of Universal Pictures’ April release of Nintendo’s Super Mario Bros.

 

In the mobile and IP-related businesses, income from royalties from “The Super Mario Bros. Movie” contributed to overall sales of 31.8 billion yen ($223.3 million), representing a substantial 190.1% year-on-year growth.

Overall, Nintendo’s first-quarter revenue reached 461.3 billion yen ($3.24 billion), with 80% of that total coming from sales outside Japan (369.0 billion yen, or $2.59 billion). The company achieved an operating profit of 185.4 billion yen ($1.3 billion). 

With foreign exchange gains of 47.2 billion yen ($331.4 million) due to the yen’s depreciation in foreign exchange markets, Nintendo’s gross profit rose to 253.7 billion yen ($1.78 billion), and the net profit attributable to the company reached 181.0 billion yen ($1.27 billion).

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Source: Media Play News

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