Nintendo has become a household name in gaming built on its timeless franchises, iconic characters, and tons of consoles. The Japanese multinational video game company founded by Fusajiro Yamauchi in 1889, is one of the leading giants even in the 21st century.
The company with its blockbuster franchises like Super Mario, Legend of Zelda, etc, coupled with the success of their variety of consoles has fared well in its earnings even in 2023. As of March 2023, the company has sold over 5.5 billion video games and around 863 million consoles in total.
Nintendo’s total earning has gone up significantly ever since the company came into being and to think that it all started from just playing cards. The company has gone on to develop some of the most successful gaming series and popular gaming consoles. Although this might leave people scratching their heads and wondering – what exactly would Nintendo be worth in recent years? In this guide, we will cover the total earnings of the company in recent years and how exactly they make those figures.
What is Nintendo’s Net Worth in 2024?
According to reports, at the time of writing, as of December 2023, Nintendo has a market cap of $60 billion. The company has generated approximately $12.6 billion (TTM) net worth in 2023. It will see a steady increase in earnings till the end of the fiscal year. This makes Nintendo one of the most valuable companies in the world in recent years.
How Does Nintendo Make Money?
Nintendo’s revenue is segmented into different streams which includes selling hardware consoles to mobile games and even licensing. The very first stream of earnings for Nintendo is their hardware sales earned by selling consoles like Nintendo Switch.
In 2023, the portable Nintendo Switch alone generated over $11.3 billion globally. Although this was their lowest sales revenue since 2021. The Nintendo Switch has earned around 69 billion for the company ever since its release seven years ago.
The next segment through which Nintendo makes its earnings is through sales of video games. This includes all the first-party titles like Super Mario, Legend of Zelda, Pokemon, etc along with all the third-party games.
Tears of the Kingdom, the latest installment in the Legend of Zelda series, sold around 18.5 million copies in its first two months of release. Nintendo has cracked the formula for their blockbuster franchises and they are trying to stick to it.
Along with the video games and console, Nintendo also has in place the Switch Online Subscription which made them over a billion dollars worth of income in 2022. Apart from that, there are several mobile games and merchandise that Nintendo has under its wing. The company also earns money through royalties by licensing its characters to different media.
That’s everything covered in this guide. If you find this guide interesting, find out the net worth of Bethesda to know more about the developers behind games like Skyrim & Starfield.