Sony Writes Down Bungie Value by $765 Million Amid Marathon and Destiny 2 Slump

Sony disclosed a $765 million impairment charge against Bungie’s assets for FY2025/26, driven by the underperformance of Destiny 2 and Marathon. The hit includes about $200 million recognized in Q2 and $565 million in Q4, reducing Bungie’s accounted value, while Sony still posted a 12% operating income gain thanks to network services and favorable FX. Bungie was acquired for $3.6 billion in 2022, and the fate of Marathon remains uncertain as the developers vow to press on.