Nintendo Q1 results for fiscal year 2024 (Switch hits 129.53 million sold)

Nintendo has just shared their Q1 results for Fiscal Year 2024, and we’ve combed through the data for all the juicy details. We’ve put together a complete breakdown of the sales results, hardware totals, future software release dates and more. You can find all of those details below.

FINANCIAL RESULTS

• sales from dedicated video game platform business increased by 44.6% year-on-year to 427.4 billion yen
• in addition to the increase year-on-year in unit sales of both Nintendo Switch hardware and software, another main factor in this growth in net sales was the larger percentage of hardware sales accounted for by Nintendo Switch ‒ OLED Model, which has a higher unit price.
• in the mobile and IP related business, overall sales rose by 190.1% year-on-year to 31.8 billion yen, bolstered by an increase in income from royalties and income from visual content related to The Super Mario Bros. Movie.
• there are no changes to the consolidated financial forecast for the fiscal year ending March 31, 2024 that was announced on May 9, 2023
• in the first quarter of this fiscal year, both sales and profits were notably large for a first quarter mainly due to the concurrent releases of The Super Mario Bros. Movie and The Legend of Zelda: Tears of the Kingdom
• hardware unit sales increased 13.9% year-on-year to 3.91 million units
• software unit sales increased 26.1% year-on-year to 52.21 million units
• by continuing to convey the appeal of Switch, Nintendo aims not only to put one system in every home, but several in every home, or even one for every person
• another objective for Nintendo is to continually release new offerings so more consumers keep playing Switch even longer, in turn maximizing hardware sales
• sell-through of first-party software reached the highest level ever for a first quarter, thanks largely to The Legend of Zelda: Tears of the Kingdom
• sell-through of Tears of the Kingdom constitutes approximately half of the first-party software sold this fiscal year
• the playing card division brought in $13.3 million, up 147 percent year-over-year

GAME SALES INFO (Total lifetime sales)

• The Legend of Zelda: Tears of the Kingdom has sold 18.51 million units
• Mario Kart 8 Deluxe has sold 55.46 million units
• Animal Crossing: New Horizons has sold 42.79 million units
• Super Smash Bros. Ultimate has sold 31.77 million units
• The Legend of Zelda: Breath of the Wild has sold 30.65 million units
• Super Mario Odyssey has sold 26.44 million units
• Pokémon Sword/Pokémon Shield have sold 25.92 million units
• Pokémon Scarlet/Pokémon Violet have sold 22.66 million units
• Super Mario Party has sold 19.39 million units
• New Super Mario Bros. U Deluxe has sold 16.17 million units

HARDWARE SALES

• hardware unit sales increased 13.9% year-on-year to 3.91 million units
• on a region-by-region basis, sell-in declined in Europe and the Americas compared to the same period last fiscal year, but sell-through increased for all regions, including Europe and the Americas
• the number of annual playing users between July 2022 and June 2023 was the highest ever, exceeding 116 million users

DIGITAL SALES

• digital sales rose 35.9% year-on-year to 119.6 billion yen
• digital sales accounted for 47.3% of total software sales
• the depreciation of the yen in foreign exchange markets increased the sales amount
• sales related to Nintendo Switch Online increased
• sales of the packaged version of The Legend of Zelda: Tears of the Kingdom were also strong, resulting in a lower overall digital sales ratio compared to the same period last fiscal year

SWITCH SOFTWARE RELEASE CALENDAR

THE SUPER MARIO BROS. MOVIE

• The Super Mario Bros. Movie has been viewed by 168.10 million people worldwide (as of July 30)
• as of July 26, global box-office revenues totaled 1.349 billion dollars, which is the highest ever for an original film based on a video game, and the second-highest for an animated film
• heightened consumer interest in Super Mario is having positive effects in a wide range of fields, including growing sales of Mario related titles, and sales of smart device apps and merchandise
• based on the various effects that Nintendo have confirmed through the release of this movie, they will continue efforts towards visual content-related initiatives