Nintendo just had a bumper quarter thanks to the release of The Legend of Zelda: Tears of the Kingdom, as well as the Super Mario Bros. Movie. “Both sales and profits were notably large for a first quarter” the company noted in today’s earnings release, which covers the three months through June 30th.
Net sales stood at ¥461.3 billion (around $3.2 billion), a 50 percent increase versus last year, while operating profit rose 82.4 percent to ¥185.4 billion (around $1.3 billion). Bloomberg notes that it’s the highest first-quarter profit recorded by the company, beating its previous 2020 high set in the the first year of the pandemic just after the release of Animal Crossing: New Horizons.
The benefits of the release of Zelda and the...
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