Nintendo losses reach over $15 million in its third quarter financial results

Nintendo released its third quarter financial results today revealing an operating loss of just over $15 million for the nine month period ending Dec. 31, 2013, after dismal sales of the Wii U forced the company to slash its yearly forecast this month.

The game maker recorded revenues of 499.1 billion yen ($4.8 billion), a drop of 8.1 percent compared to the same period last year, while reaping an operating profit of 21.7 billion yen ($210 million) in its third quarter even in the face of the overall loss. This is the result of slightly more robust sales of its Wii U console during the holiday season.

Despite its profits for this period, Nintendo still estimates it will make losses over the full year. A dramatic decrease in profit during the fourth quarter is expected "due to seasonal factors as the year-end sales season concludes," reads a statement from the company.

It was revealed today the company also fell short of its overall targets for hardware and software sales.

Global sales of Wii U hardware and software reached just 2.41 million and 15.96 million units, respectively. By comparison, Nintendo's revised sales expectations predicted 2.8 million Wii U consoles and 19 million software units would shift for the period. Nintendo recognizes that while first-party titles like The Legend of Zelda: The Wind Waker HD, Wii Party U and Super Mario 3D World recorded strong sales figures, the "Wii U business as a whole was not able to recover fully."

Earlier in the month Nintendo announced its expectations for a third consecutive annual operating loss after previously forecasting its return to profit. The company expects to lose 33.4 billion yen for the final quarter of the year, with a total operating loss of 35 billion yen ($355 million) for 2013.

Nintendo's results briefing will begin tomorrow at 8 p.m. EST, or 10 a.m. Tokyo time.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

Log In Sign Up

Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.