Nintendo Q1 profit surge and software momentum bolster Switch 2 case

seekingalpha.com

Nintendo reported a 9.5% drop in first-quarter sales but a 150.5% surge in operating profit, boosted by software, digital sales, tariff refunds, and currency moves. Digital sales jumped 90%, and first-party software accounted for 82.6% of software sales, highlighting growing ecosystem monetization. Upcoming titles such as Pokémon, Zelda, Star Fox, and Call of Duty may drive further Switch 2 adoption. The author rates the stock a buy with a $14.16 target, implying about 11% upside. Nintendo trades at a premium, but expected EBITDA growth supports a 20x forward EV/EBITDA valuation.


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Nintendo Q1 profit surge and software momentum bolster Switch 2 case | News Minimalist