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Nintendo Switch Online made nearly $1 billion in 2021

Nintendo's newer Switch Online subscription has generated nearly $1 billion in revenues throughout 2021, new documents from Brazilian regulators reveal.

Nintendo Switch Online made nearly $1 billion in 2021
Published Oct 12, 2022 2:17 PM CDT   |   Updated Tue, Nov 1 2022 2:10 AM CDT
2 minutes & 5 seconds read time

UPDATE: CADE has released a new revised document that removes the revenue values from the tables listed below.

Nintendo Switch Online (launched in 2018) has generated nearly $1 billion in revenues throughout 2021, new documents from Brazilian regulator CADE have revealed.

Nintendo Switch Online made nearly $1 billion in 2021 6

Brazil's government competition watchdog CADE recently approved the Microsoft-Activision merger. The regulator published a sizable 76-page document detailing how it made its determination, revealing valuable data points in the process. CADE's report revealed how much Xbox Game Pass made in 2021, for instance, showing that the service is a meaningful contributor to Xbox revenues.

The report also revealed figures for Nintendo's Switch Online subscription service. It's important to note that the figures are based on information provided by the claimants in the merger proceedings, who in this case has been identified as Microsoft.

Nintendo Switch Online made nearly $1 billion in 2021 1

According to the data, Nintendo Switch Online made $932 million in 2021 and made up 10-20% of the total multi-game subscription market on consoles. That's up against Xbox Game Pass, which made 30-40% at $2.9 billion revenues, and PlayStation, who made up 40-50% of that market.

(It is a bit strange how Nintendo's estimated earnings were provided but not PlayStation's).

Nintendo Switch Online made nearly $1 billion in 2021 3

Based on public data made available by Nintendo and compiled by TweakTown, the Switch Online service made up 31% of Nintendo's total digital revenues ($3.054 billion) and just 8% of the company's overall dedicated video games earnings ($14.350 billion).

Nintendo Switch Online made nearly $1 billion in 2021 2

Nintendo Switch Online had 32 million subscribers as of September 2021. The service launched in September 2018, which shows high growth rates in just three years' time.

At $3.99 a month and $19.99 a year, The service is the cheapest month-to-month and year-to-year subscription service in the multi-game subscription market.

Nintendo Switch Online made nearly $1 billion in 2021 4
Nintendo Switch Online made nearly $1 billion in 2021 5

It's important to note that Nintendo still isn't as reliant on digital as Sony and Microsoft is. Nintendo is a kind of anomaly in that it consistently makes most of its revenues from hardware and physical products.

Microsoft and Sony, conversely, make most of their gaming revenues from game sales and services; Sony in particular generates most of its video games earnings from add-on content (over $7 billion in FY21), which includes microtransactions, DLC, and expansions.

NEWS SOURCE:sei.cade.gov.br

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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