It's-A Q1 Beat: Nintendo's Revenue Soars 50% YoY, Fueled By Zelda And Mario Success
Portfolio Pulse from Franca Quarneti
Nintendo Company Ltd's (OTC:NTDOY) Q1 revenue and profit surged by 50% and 52.1% respectively, beating Refinitiv estimates. The success of 'The Legend of Zelda: Tears of the Kingdom' and 'The Super Mario Bros. Movie' contributed to the increase. The Zelda game has sold over 18.51 million units since its launch in May, boosting sales of the Switch console. The Mario movie has generated global box office revenue of $1.349 billion.
August 04, 2023 | 1:52 pm
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Nintendo's Q1 results exceeded estimates, driven by the success of its Zelda game and Mario movie. This could boost investor confidence.
The strong Q1 results, driven by the success of key products, could boost investor confidence in Nintendo's ability to generate revenue and profit. This could potentially lead to an increase in the company's stock price in the short term.
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