"Sony's Q4 2025 financial report reveals a second impairment against Bungie, reducing its value by approximately $765 million due to underperformance in Destiny 2 and unmet expectations for Marathon's launch."
"The report mentions that Sony has now filed for a second impairment against Bungie, basically saying Sony has officially reduced Bungie's estimated value on its books. This impairment is for 88.6 billion yen, which is roughly $565 million at current going rates."
"That's on top of the prior impairment in Q2 of 2025, which Sony said was 31.5 billion yen (approx. $204.2 million) and was specifically stated to because of Destiny 2 underperforming. In simple terms, Sony has reduced Bungie's on-paper value by an estimated $765 million since acquiring the studio for $3.6 billion back in 2022."
"Sony has not given an exact reason for the impairment, but really, it could only likely be because of Destiny 2's continued decline and Marathon's recent launch not meeting expectations. That's on top of the prior impairment in Q2 of 2025, which Sony said was 31.5 billion yen."
Sony’s Q4 2025 financial report includes a second impairment related to Bungie. The impairment totals 88.6 billion yen, about $565 million. The impairment reduces Bungie’s estimated value on Sony’s books. No specific reason is provided, but the likely drivers are continued underperformance in Destiny 2 and unmet expectations for the Marathon launch. This follows a prior impairment in Q2 2025 of 31.5 billion yen, about $204.2 million, which was attributed to Destiny 2 underperformance. Since acquiring Bungie for $3.6 billion in 2022, Sony has reduced Bungie’s on-paper value by an estimated $765 million.
Read at WGB
Unable to calculate read time
Collection
[
|
...
]