Nintendo lowered its annual financial forecast amid a decline in all of the company's key metrics
Nintendo released its financial report for the first three quarters, spanning from April 1 to December 31, 2024, and announced a decline in revenue.
Super Mario Party Jamboree
- Compared to the same period in 2023, Nintendo's net sales decreased by 31.4% to 956.2 billion yen ($6.16 billion).
- 43.5% of this amount was generated in North and South America. Europe followed with 25.3%, and Japan accounted for 23.5% of revenue from sales.
- Net profit fell by 41.9% to 237.1 billion yen ($1.53 billion). Operating profit dropped by 46.7% to 247.5 billion yen ($1.6 billion).
- In the nine months, Nintendo sold 9.54 million Nintendo Switch consoles, 30.6% less than the previous year. Total sales of the console since its release reached 150.86 million units.
- Game sales for April-December 2024 totaled 123.98 million copies—a 24.4% year-on-year decline.
- Specifically, Nintendo reported that sales of Super Mario Party Jamboree, released on October 17, 2024, totaled 6.17 million copies. The Legend of Zelda: Echoes of Wisdom, another newcomer from last fall, sold 3.91 million copies.
Due to declining revenues, the Japanese company has revised its financial forecast for the full fiscal year ending March 31, 2025, for the second time. It now expects net sales of 1.19 trillion yen ($7.6 billion) instead of 1.28 trillion yen ($8.2 billion). The company anticipates operating profit to be 280 billion yen ($1.8 billion) rather than 360 billion yen ($2.3 billion).
Additionally, Nintendo lowered its sales forecast for the Nintendo Switch. Initially hoping to sell 12.5 million consoles for the year, it now expects to sell 11 million consoles. The forecast for the number of games sold for the year has been reduced from 160 million copies to 150 million copies.
Top 10 Best-Selling Games for Nintendo Switch as of December 31, 2024
1. Mario Kart 8 Deluxe — 67.35 million copies.
2. Animal Crossing: New Horizons — 47.44 million copies.
3. Super Smash Bros. Ultimate — 35.88 million copies.
4. The Legend of Zelda: Breath of the Wild — 32.62 million copies.
5. Super Mario Odyssey — 29.04 million copies.
6. Pokémon Sword & Shield — 26.6 million copies.
7. Pokémon Scarlet & Pokémon Violet — 26.38 million copies.
8. The Legend of Zelda: Tears of the Kingdom — 21.55 million copies.
9. Super Mario Party — 21.1 million copies.
10. New Super Mario Bros. U Deluxe — 18.06 million copies.