Even though Nintendo is a mainstay of the gaming world, they have had their financial troubles over the years. But recently they’ve announced record profits and here is the reason why.
It will come as no surprise that The Legend of Zelda: Tears of the Kingdom sold really well since it will probably end up winning GOTY awards left right and center. But those sales paired up with the success of The Super Mario Bros. Movie have landed Nintendo a pretty sum. The company announced earnings of $1.3 billion out of total sales of $3.2 billion, breaking their former record that was set in 2020.
The numbers surrounding both those IPs are generally impressive, but this time they really broke the bank. More than 168 million people around the globe watched The Super Mario Bros. Movie, with Nintendo announcing a total box office revenue of $1.349 billion. While this is an impressive sum by itself, it also sets the record for the highest-grossing video game adaptation, as well as second place for animated movies. Legend of Zelda: TOTK on the other hand has sold 18.51 million copies since it’s launch in May, which is an astounding number even for an AAA title.
Even though Nintendo won’t be able to hold this momentum for long, they do have some interesting upcoming titles like the new Super Mario Bros Wonder which is slated for October 20. And rumors are also popping up everywhere about a possible reveal for their next console which could come out as early as Q3 or Q4 of 2024.
