Sony has confirmed that Destiny 2 has fallen short of expectations, forcing the company to record an estimated $204 million impairment related to Bungie’s assets. During its Q2 FY2025 earnings call, Sony acknowledged that the popular shooter’s player engagement and revenue have been weaker than anticipated since the 2022 acquisition of Bungie for $3.6 billion.
“Regarding Destiny 2, partially due to changes in the competitive environment, the level of sales and user engagement has not reached the expectation we had at the time of the acquisition of Bungie,” CFO Lin Tao explained (translated via The Game Post).
Tao noted that Sony has “downwardly revised the business projection for the time being and recorded an impairment loss against a portion of the assets at Bungie.” The Â¥31.5 billion (approximately $204 million) impairment, combined with an additional Â¥18.3 billion (about $118 million) expense tied to development cost corrections. Tao said these adjustments were necessary to reflect the game’s current performance, which has been affected by lower player activity and market competition.
