Sony Reports $765 Million Impairment Losses From Bungie in Latest Earnings Report
Sony reported $765 million in impairment losses related to its acquisition of Bungie for the fiscal year, despite a 12 percent increase in overall revenue. The company forecasts a 30 percent revenue increase next year, partly due to the absence of these impairment losses. Bungie's latest title, Marathon, has seen mixed sales performance across platforms, with PC being the dominant platform, followed by PlayStation 5.
- Entities
- Company: Sony
- Person: Jacob Navok
- Topic: Game Sales
- Game: Destiny 2
- Company: Bungie
- Platform: PlayStation 5
- Platform: Xbox Series X
- Platform: PC
- Topic: Live Service Games
- Person: Julia Nardin
- Topic: Impairment Losses
- Person: Rhys Elliott
- Game: Marathon
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