Nintendo profit up 53.5% in Q2 on software and Mario movie

Nintendo reported a significant jump in net profit for the April-June quarter, driven by strong software sales, a blockbuster film, and tariff refunds, even as hardware sales for its Switch 2 console moderated from their launch-year peak. The Kyoto-based gaming giant announced on August 6 that its net profit surged 53.5% year-over-year to 147.4 billion yen ($933 million), far exceeding analyst expectations.

Quarterly sales dipped 9.5% to 517.8 billion yen ($3.3 billion). The company attributed the profit increase to robust software performance, income from "The Super Mario Galaxy Movie," and approximately $300 million in refunds of U.S. tariffs. Nintendo stated these tariffs were primarily borne by the company and not passed on to consumers through higher product prices.

During the quarter, Nintendo sold 3.82 million Switch 2 consoles, bringing the console's lifetime sales to 23.68 million units since its June 2025 launch. While this represents a 34.4% decline compared to the same quarter last year, which included the launch window, the company noted the Switch 2 continues to outperform the original Switch at the same point in its lifecycle. Software sales for the platform...