Economy Country February 04, 2025

Nintendo Reports Disappointing Q3 Results

Nintendo announced today its financial results for the third quarter, which fell below expectations. Concerns arise over market performance and future strategies.


Nintendo Reports Disappointing Q3 Results

The company Nintendo announced today, on Tuesday, about the financial results for the third quarter, which ended with...

According to the report, the company's profit decreased by 6% compared to the same period last year. The main reason for the decline in profit, according to analysts, was the drop in sales of gaming consoles against the increase in competition in the market.

However, Nintendo's revenue for the reporting period increased by 2.4%, related to the growth of game sales and digital content. In addition, the company noted the successful launch of a new gaming console, which contributed to the increase in the number of subscribers to the online service.

"We remain optimistically oriented regarding sales both in the current and the following year. Our goal is to offer consumers new interesting games and products," stated a Nintendo representative.