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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Nintendo Co Ltd (OTC: NTDOY) reported FY21 net sales growth of 34.4% year-on-year to ¥1.76 trillion.
- Net sales from the dedicated video platform rose 35.6% Y/Y to ¥1.7 trillion, Net sales from mobile and IP-related income rose 11.3% Y/Y to ¥57 billion, while revenue from playing cards declined 41.9% Y/Y to ¥1.7 billion.
- Under Hardware, Nintendo Switch and Nintendo Switch Lite sales rose 37% Y/Y and 37.3% Y/Y to 20.32 million units and 8.51 million units. Software sales rose 36.8% Y/Y to 230.88 million units.
- Gross profit rose 51.2% Y/Y to ¥970.4 billion, with the margins expanding 610 basis points to 55.2%.
- Operating profit rose 81.8% Y/Y to ¥640.6 billion. The margin expanded 950 basis points to 36.4%.
- Net profit rose 85.7% Y/Y to ¥480.3 billion with 750 basis points margin expansion to 27.3%.
- The company held ¥1.19 trillion in cash and equivalents and generated ¥612.1 billion in operating cash flow.
- Guidance: Nintendo sees FY22 net sales, operating profit, and net profit at ¥1.6 trillion, ¥500 billion, and ¥340 billion.
- Price action: NTDOY shares traded lower by 5.85% at $68.07 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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