The makers of Marathon and Future 2 proceed to be a weak spot of Sony’s Sport & Community Companies phase.
Sony is out with its FY25 earnings outcomes and its Sport & Community Companies (GN&S) phase reported 12% working revenue progress from FY24. One notable headwind through the 12 months was two impairment expense writedowns on the Bungie acquisition totaling $765 million.
Sony’s solely unfavorable bullet level relating to GN&S working revenue reads “Recording of impairment losses towards Bungie, Inc.’s intangible and different belongings (Q2: 31.5 bln yen, This fall: 88.6 bln yen, FY25 whole: 120.1 bln yen).” The 120 billion yen writedown of Bungie’s valuation quantities to an impairment cost of $765 million.
Sony acquired Bungie in 2022 for $3.6 billion, and it seems that there’s some purchaser’s regret showing within the monetary outcomes over 4 years later. Future 2 has misplaced lots of recognition, and Marathon has been bleeding lively gamers since launching earlier this 12 months.
The $765 million writedown of Bungie’s worth on Sony’s stability sheet got here within the type of a Q2 impairment cost of $200 million, and the remainder in the newest quarter ending March 31, 2026 totaling $565 million. That is over 20 p.c of the value that Sony paid for Bungie again in 2022.
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