Nintendo's net profit for July to September came in at 73.5 billion yen, about $465 million, down 29% from a year earlier and short of the 82.2 billion yen analysts expected. Switch 2 hardware is the reason. Nintendo shipped 2.67 million units in the quarter, down 41%, and 6.49 million in the first half, against about 10.4 million a year earlier. Some of that is the launch … [Read more...] about Nintendo Quarterly Profit Falls 29 Percent as Switch 2 Shipments Drop 41 Percent and Memory Costs Push Prices Up
earnings
Unity Posts First GAAP Profit Since Its IPO as Vector Ads Grow 126 Percent and the Engine Business Grows 8 Percent
Unity reported its third quarter on November 5 and posted its first GAAP profit since going public in 2020. Net income was $122 million, a 20% margin, against a $127 million loss a year earlier. Revenue rose 32% to $622 million, well above the roughly $567 million analysts expected, and diluted EPS of $0.25 crushed a five-cent consensus. The stock jumped about 22% in premarket … [Read more...] about Unity Posts First GAAP Profit Since Its IPO as Vector Ads Grow 126 Percent and the Engine Business Grows 8 Percent