• Nintendo average ebitda margin for 2023 was 38.11%, a 12.06% decline from 2022.
• Nintendo average ebitda margin for 2022 was 34.01%, a 7.52% increase from 2021.
• Nintendo average ebitda margin for 2021 was 31.63%, a 22.41% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.