Overview
- Sony said it has lowered Bungie's near-term business projections and recorded an impairment loss against part of the studio's assets.
- CFO Lin Tao noted Destiny 2 sales and user engagement have not met expectations set at the time of the 2022 acquisition.
- Bungie is being more tightly integrated into PlayStation Studios following layoffs and the cancellation of multiple multiplayer projects.
- Helldivers 2 is performing extremely well after its August launch on Xbox, bringing in new players and boosting engagement on PS5 and PC, leading to a significant year-on-year sales increase.
- Sony reported broader strength with MLB The Show 25 performing well, Ghost of Yotei reaching 3.3 million sales since October 2, and PlayStation 5 lifetime sales hitting 84.2 million with 119 million monthly active users.