Nintendo Profit Down 55% as Sales Stall During Wait for Switch 2

Nintendo saw its profit more than halve in its fiscal first quarter of the year as sales of the Switch console continued to fall while consumers await news on a successor console.

In its fiscal Q1 2025 earnings report, released Friday, the Japan-based video game giant reported selling 2.1 million Switches — a console that is now more than seven years old — from April 1-June 30, down 46% year over year.

Revenue for the quarter was 246.6 billion Japanese yen and income was 80.9 billion. Analysts had forecast revenue of 289.61 billion yen and income at 70.73 billion yen, according to consensus data provided by LSEG, formerly Refinitiv.

In a breakdown of the earnings results, Nintendo stated there are no changes to its financial forecast for the fiscal year, which was first published May 7, and doubled down on its current strategy until a Switch successor is announced.

“For hardware, by continuing to convey the appeal of Nintendo Switch, we try to not only put one system in every home, but several in every home, or even one for every person,” the video game company wrote. “Another objective is to continually release new offerings so more consumers keep playing Nintendo Switch even longer and we can maximize hardware sales. For software, in addition to Nintendo World Championships: NES Edition, which was released in July, we have other titles planned for release, such as Emio – The Smiling Man: Famicom Detective Club (August) and The Legend of Zelda: Echoes of Wisdom (September). Other software publishers also plan to release a wide variety of titles, and we will strive to invigorate the platform by continually introducing new titles in addition to the existing titles.”