Sony Writes Off Another $565 Million Impairment Loss Against Bungie

"After writing $204 million off Bungie's value in November last year, Sony has recorded another $565 million impairment loss against the studio--resulting in a total $769 million being wiped off Bungie's value in the last financial year."

"While Sony gaming's FY2025 results are generally pretty strong considering the challenging market conditions, the company listed the $769 million loss against Bungie's value as the biggest negative factor impacting its operating income. The write down, which represents over 20% of the $3.6 billion Sony paid for Bungie back in 2022, doesn't look good for Bungie, or either of its ongoing titles."

"The loss may turn out to be another nail in the coffin for Marathon, which has been slowly losing players since it launched in March. While the game has a small but loyal playerbase who appreciate its unique style and aesthetics, no one seems particularly optimistic about Marathon's longevity at the moment."

"Despite the loss on Bungie, Sony posted a 12% increase in operating income, with sales staying flat but remaining stable. While the future of Bungie and its ongoing titles may be uncertain right now, Sony is optimistic about the next year of its gaming business as a whole, anticipating a 30% increase in operating income."

Sony recorded an additional $565 million impairment loss against Bungie after previously writing off $204 million in November. The combined $769 million loss represents more than 20% of the $3.6 billion Sony paid for Bungie in 2022. Sony listed the Bungie write-down as the biggest negative factor impacting operating income in FY2025. The impairment adds pressure on Bungie and its ongoing titles, including Marathon, which has been losing players since launch in March. Despite the Bungie losses, Sony reported a 12% increase in operating income, with sales flat but stable. Sony expects a 30% increase in operating income for the next year across its gaming business.

Read at GameSpot