Nintendo reported a net profit of 1.3 billion dollars in the first half of the year, an increase of 85% compared to last year, due to sales of the Switch 2 console.

Nintendo, the Japanese video game manufacturer, announced on Tuesday an impressive 85% increase in net profit for the period from April to September, reaching 198.9 billion yen (approximately 1.3 billion dollars), compared to 108.6 billion yen in the same period last year. This growth was driven by more than double sales, due to the launch of the Switch 2 console in June. Total sales reached nearly 1.1 trillion yen (7.1 billion dollars), compared to 523 billion yen in the same period of 2024.

Nintendo has revised its profit forecast for the entire fiscal year until March 2026, increasing it from 300 billion yen (1.9 billion dollars) to 350 billion yen (2.3 billion dollars) and raised the sales estimate for the Switch 2 to 19 million units. By the end of September, Nintendo had sold over 10 million Switch 2 consoles. Although sales of the older Switch console have decreased, games for the Switch continue to sell well, being compatible with the new console. Analysts expect Nintendo's revenues to remain strong during the holiday season, with anticipated launches of new games from the Pokémon and Kirby franchises. Although Nintendo's shares have steadily increased over the past year, they fell by 0.8% on Tuesday.