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Azelover said:
For a first party, especially Nintendo, the cost of marketing is higher than the production cost.

For BotW they built an entire E3 to it, and marketed a console launch around it. If you do the math 2 million would get them about 80 million, half of which probably went to marketing, 5 million minimum to global publishing. So the game might have cost around 35 million.

Remembering that BotW was an experimental game for Nintendo.
Nintendo very likely had to spend a decent amount BotW's budget on R&D; investing in the future of the Zelda franchise.