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Nintendo expects to sell 15 million Switch 2s and 45 million games this fiscal year

Nintendo wrapped up a rough year on Thursday, reporting a 43% plunge in net profit and a 30% drop in revenue for the 12 months ending March 31. Its ADRs are down more than 6% in early Thursday trading.

But with less than a month until the Switch 2 launches on June 5, all eyes are on Nintendo’s future.

Nintendo expects net profit to rise about 8% and net sales to spike 63% in fiscal year 2026.

The Mario maker said it expects to sell 15 million Switch 2 units in its current fiscal year (ending next March 31), along with 45 million games. The company isn’t giving up on its 8-year-old original Switch console either, forecasting it’ll sell another 4.5 million consoles and 105 million games in the period.

The original Switch, which appears on its way to surpassing the DS as Nintendo’s bestselling console ever, sold nearly 18 million units in its first 13 months.

Nintendo expects net profit to rise about 8% and net sales to spike 63% in fiscal year 2026.

The Mario maker said it expects to sell 15 million Switch 2 units in its current fiscal year (ending next March 31), along with 45 million games. The company isn’t giving up on its 8-year-old original Switch console either, forecasting it’ll sell another 4.5 million consoles and 105 million games in the period.

The original Switch, which appears on its way to surpassing the DS as Nintendo’s bestselling console ever, sold nearly 18 million units in its first 13 months.

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Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

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Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

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