• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceNintendo

Nintendo sees 52% jump in net profit thanks to ‘Super Mario’ blockbuster, new ‘Zelda’ release

By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Thalia Beaty
Thalia Beaty
and
The Associated Press
The Associated Press
Down Arrow Button Icon
August 3, 2023, 4:19 PM ET
Nintendo made big leaps in its latest quarter thanks largely to "The Super Mario Bros. Movie."
Nintendo made big leaps in its latest quarter thanks largely to "The Super Mario Bros. Movie."AP Photo/Shuji Kajiyama, File

Nintendo reported a 52% increase in net profit for the first fiscal quarter on Thursday following the success of its Super Mario movie and the new Zelda video game.

Demand was strong for Nintendo Switch game software, which received a boost from the release earlier this year of the film about the jumping plumber called “The Super Mario Bros. Movie,” according to Nintendo Co.

The film has so far drawn more than 168 million people globally, grossing $1.3 billion.

That makes it one of the top-selling animation films on record, second only to “Frozen II,” and the top animation film based on a video game. The “Lion King” 2019 remake, while it uses computer graphics and was an even a bigger hit, isn’t categorized as an animation film.

Also helping lift Nintendo’s results was the popularity of “The Legend of Zelda: Tears of the Kingdom” game, released in May, the latest in the hit action-adventure series.

The Japanese video game maker’s April-June net profit totaled 181 billion yen ($1.3 billion), up from nearly 119 billion yen a year ago. Quarterly sales surged 50% to 461.3 billion yen ($3.2 billion).

Hardware sales jumped nearly 14% to 3.9 million Nintendo Switch machines, while software sales also grew, increasing 26% to 52 million games sold.

Nintendo also got a healthy boost in revenue from its intellectual property business, exemplified by the Super Mario film but also other royalties.

Nintendo has been pushing the idea of having several Nintendo Switch consoles per household, not just one, with family members each working a machine to play together.

Among the popular games for such playing was “Pikmin 4,” which went on sale last month. That also came in a downloadable version, an area that’s a growing source of income for Nintendo.

Nintendo, based in the ancient Japanese capital of Kyoto, is planning more games in coming months including “Super Mario Bros. Wonder,” set to go on sale in October.

Nintendo kept its full year profit forecast unchanged at a 340 billion yen ($2.4 billion), down 21% on year.

Coins2Day Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Coins2Day Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By Thalia Beaty
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.