Revenues of Nintendo escalated by 50% compared to the previous year, while the net profit recorded an impressive growth of 52%. Operating profit reached 185.44 billion yen, exceeding expectations and marking an 82.4% leap from the previous year.

Nintendo benefited from the positive impact of the film “The Super Mario Bros. Movie,” based on the company’s characters, which, since its release in April, has earned over 1 billion dollars. The film was produced by Universal Studios.

In May, the Japanese gaming giant also released the highly anticipated game “The Legend of Zelda: Tears of the Kingdom,” which became the fastest-selling title in the history of the series.

“In the first quarter of this fiscal year, both revenues and profits were exceptionally high, primarily due to the concurrent release of the film ‘The Super Mario Bros. Movie’ and the game ‘The Legend of Zelda: Tears of the Kingdom.’ We continue to fulfill our full-year profit estimates,” Nintendo stated in its financial report.

Nintendo had previously projected its revenues for this fiscal year, ending in March 2024, at 1.45 trillion yen and a profit of 340 billion yen.

Nintendo also previously estimated the sale of 15 million units of its flagship console, the Switch, for this fiscal year ending in March 2024. This compares to nearly 18 million units sold in the previous fiscal year.

The company reported that in the quarter from July to September, it sold 3.91 million units of the Switch console, representing a 13.9% increase from the previous year.