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Norion said:

Something of note to mention is annual playing users was exactly the same at the end of June this year as it was June last year at 130m. Growth there has completely stopped but they're avoiding a decline so far which is a huge deal considering just how massive that userbase is. The real test though will be avoiding a decline in the coming years as Switch 2 sales slow and the Switch 1 stops getting new releases.

Doesn't that number include Switch 1 AND Switch 2 users?

The disclaimer says it is an estimate of all active Nintendo Accounts across both systems over a 12 month period.