After writing $204 million off Bungie’s worth in November final 12 months, Sony has recorded one other $565 million impairment loss in opposition to the studio–resulting in a complete $769 million being wiped off Bungie’s worth within the final monetary 12 months.
Whereas Sony gaming’s FY2025 outcomes are usually fairly robust contemplating the difficult market situations, the corporate listed the $769 million loss in opposition to Bungie’s worth as the most important adverse issue impacting its working earnings. The write down, which represents over 20% of the $3.6 billion Sony paid for Bungie again in 2022, would not look good for Bungie, or both of its ongoing titles.
The loss could become one other nail within the coffin for Marathon, which has been slowly dropping gamers because it launched in March. Whereas the sport has a small however loyal playerbase who recognize its distinctive type and aesthetics, nobody appears significantly optimistic about Marathon’s longevity in the mean time.
Regardless of the loss on Bungie, Sony posted a 12% enhance in working earnings, with gross sales staying flat however remaining secure. Whereas the way forward for Bungie and its ongoing titles could also be unsure proper now, Sony is optimistic in regards to the subsequent 12 months of its gaming enterprise as a complete, anticipating a 30% enhance in working earnings.