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Fortune
Fortune
Nicholas Gordon

Nintendo shares jump on Mario movie's record debut

Nintendo Covid-19 Shigeru Miyamoto Pandemic
Mario creator Shigeru Miyamoto at a special screening of "The Super Mario Bros. Movie"

Nintendo’s shares are up 4% since Friday’s market close on the back of the record-setting release of The Super Mario Bros. Movie, starring the company’s flagship character.

It’s a boost for the company’s shares, which have slumped since its COVID-era heights. Nintendo shares are down about 17.7% from their most recent peak in March 2022.

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