Nintendo beats earnings thanks to US tariff refunds it won’t share with gamers
Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared to 56.9 billion yen (about $360 million) for the same quarter last year - an increase of 150.5 percent.
Reported by 1 outlet — The Verge. See all sources ↓
Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared to 56.9 billion yen (about $360 million) for the same quarter last year - an increase of 150.5 percent. This spike is partially attributed to a boom in game sales, with Switch 2 software sales increasing by 9.2 percent compared to the previous year, and software for the original Sw … Read the full story at The Verge.
Read the full report at The Verge ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won't receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared to 56.9 billion yen (about $360 million) for the same quarter last year - an increase of 150.5 percent.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 1h ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
Nintendo beats earnings thanks to US tariff refunds it won’t share with gamers
Sources1TypeCoverageThe Verge