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Operating profit more than doubled year-over-year, helped by a tariff refund of roughly $300 million and a hit Super Mario movie
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Nintendo reported first-quarter results on Thursday that topped revenue and profit estimates, even as Switch 2 console hardware sales fell 34.4% from the year-ago period to 3.82 million units.
Revenue for the quarter ended June 30 came in at 517.8 billion yen. That topped analyst expectations of 444.96 billion yen, according to CNBC. Net profit rose 53.5% year-over-year to 147.4 billion yen, beating analyst expectations of 78.30 billion yen.
