Nintendo Switch.
Categories

Pokémon Go and Mariners sale are the only bright spots in a weak Nintendo quarter

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Nintendo reported earnings that missed expectations for the second fiscal quarter ended September 30. And it also significantly lowered its outlook for revenues for the fiscal year that ends March 31, 2017.

The Kyoto, Japan-based video game company said it had ordinary income of ¥7.7 billion ($74 million) on revenues of ¥74.8 billion, or $718 million. But it had a big one-time gain from the sale of the Seattle Mariners, boosting net income to ¥62.8 billion ($602 million). In effect, Nintendo missed significantly on both its earnings targets and its revenue targets. It reported a small operating loss.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.