The purchase of Bungie takes its toll: Destiny 2 causes over 200 million in losses to Sony

Sony records losses of over 200 million dollars due to Destiny 2 and the purchase of Bungie.

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Destiny 2 is going through a tough time. During the latest earnings conference, Sony’s financial director, Lin Tao, confirmed that the game “has not met expectations” set after the purchase of Bungie, a deal valued at $3.6 billion in 2022.

According to the report, Sony has recorded a loss of intangible assets of 31.5 billion yen, approximately $204 million, reflecting a decline in the studio’s valuation. The company attributes this adjustment to the decline in Destiny 2 sales and player engagement, affected by competition and a lower interest in its recent expansions.

Sony confirms losses on Destiny 2 and increased control over Bungie

Despite the magnitude of the figure, Sony assures that it is a non-recurring event and maintains its profit forecasts for the rest of the fiscal year. Tao clarified that the goodwill of the video game division has not been affected, as it is backed by the performance of other Sony titles.

However, the executive admitted that “there is a risk of new adjustments if the performance of Destiny 2 or Marathon does not improve“. This could lead to increased control over Bungie, which until now had operated independently within the group.

Destiny 2 remains a benchmark for gameplay and cooperative play, but its community has decreased significantly in recent months, with very low ratings on Steam. Meanwhile, Marathon continues in development and could be the key for the studio to regain Sony’s trust.