Nintendo profits down, but Switch 2 upgrade in June offers hope for turnaround

Nintendo profits down, but Switch 2 upgrade in June offers hope for turnaround

Japanese video-game maker Nintendo on Thursday reported a 43% decline in profit for the fiscal year through March, but promised a turnaround as its Switch console upgrade goes on sale

The manufacturer and developer of Nintendo consoles and video games recorded a net profit attributed to 278.806 million yen (€1,705 million) in fiscal year 2025, ended on March 31, representing a fall of 43.2% from the result counted by the Japanese company twelve months earlier.

After expected results in view of the imminent launch of the successor of her console, the Japanese company published optimistic forecasts for the current financial year.

Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch

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Nintendo profits decline to $4.9bn as firm prepares for Switch 2 launch

Nintendo has released its financial results for the full year, reporting a decline in net sales and profits as it prepares for the release of the Switch 2 next month.