Overview
- Sony recorded an impairment of ¥31.5 billion (about $204 million) against Bungie’s intangible and other assets specifically in connection with Destiny 2.
- CFO Lin Tao said Destiny 2 sales and user engagement have fallen short of expectations set at the time of the 2022 acquisition, prompting a downward revision of Bungie’s business outlook.
- Sony confirmed Bungie’s autonomy is being reduced as integration into PlayStation Studios progresses following recent operational setbacks.
- Bungie’s upcoming extraction shooter Marathon was delayed and subjected to an asset audit after an unauthorized-art incident, yet Sony still includes the title in its current forecast.
- Live-service performance is mixed, with Helldivers 2 described as doing extremely well after launching on Xbox and live-service titles accounting for over 40 percent of first-party software revenue.