Sony Says Destiny 2 ‘Sales And User Engagement’ Haven’t Met Its Goals

Core Insights - Destiny 2 is experiencing record-low player counts and has not met sales and user engagement expectations since Sony's acquisition of Bungie for $3.6 billion in 2022 [3][6] - Sony has revised its business projections downward and recorded an impairment loss of $204 million related to Bungie's valuation, indicating a significant decrease in perceived value [3][6] - The release of the Lightfall expansion initially attracted high player counts, but subsequent expansions have not maintained this momentum, leading to a decline in player engagement [4][5] Company Performance - Since the acquisition, Destiny 2 has released the Lightfall expansion, which was met with mixed reviews, and the well-received The Final Shape expansion, which had high player counts [4] - Following The Final Shape, the first post-expansion release, The Edge of Fate, saw only about one-third of the peak concurrent players compared to The Final Shape [5] - The overall player engagement has significantly decreased, leading to record-low player counts after the initial expansions [5] Financial Implications - Sony's impairment loss of $204 million reflects a downward revision of Bungie's overall valuation rather than a direct loss attributed to Destiny 2 [6] - The initial acquisition price of $3.6 billion is now viewed as excessive given Bungie's reliance on a single aging game and the uncertain future of new titles like Marathon [7] - Sony continues to promote Marathon as a significant upcoming release, with expectations for its launch within the next five months [8]