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Sony Records ¥31.5 Billion Bungie Write-Down After Destiny 2 Underperforms

Sony says the impairment does not affect acquisition goodwill.

Overview

  • The charge comprises a ¥31.5 billion impairment linked to Destiny 2 and an additional ¥18.3 billion in development cost corrections within Game & Network Services.
  • CFO Lin Tao said sales and user engagement for Destiny 2 have fallen short of the expectations set at the 2022 Bungie acquisition, leading to a downward revision of projections.
  • Bungie is being brought more tightly under PlayStation Studios oversight, with Destiny 2: Renegades scheduled to launch on December 2, 2025.
  • Sony’s fiscal outlook still includes Marathon, which the company says it assumes will launch within the current fiscal year.
  • Sony highlighted stronger live-service performance elsewhere, citing Helldivers 2’s “extremely” strong results and noting live-service titles made up over 40% of first-party software revenue.