Warner Bros. Games

Nintendo Financial Results Explanatory Material: 3rd Quarter of Fiscal Year Ending March 2022

Nintendo experienced a period of transition during the first nine months of the fiscal year ending March 2022, characterized by a year-on-year decline in net sales and operating profit.

• The Nintendo Switch platform surpassed 100 million cumulative units sold during the first nine months of the fiscal year ending March 2022.
• Net sales and operating profit declined year-on-year due to the normalization of demand following the previous surge in Animal Crossing: New Horizons sales and ongoing semiconductor shortages.
• Digital revenue increased by 31.2% in the third quarter, driven by strong demand for downloadable content, add-on expansions, and the Nintendo Switch Online subscription service.