Sony's expectations for Destiny 2 have not been met following the acquisition of Bungie
The leadership team at Sony has outlined its projections for Destiny 2 post its $3.6 billion acquisition of Bungie in 2022. Insights from the company's recent financial disclosures show that there has been a financial impairment in Destiny 2-related assets.
During an earnings call, Sony's CFO, Lin Tao, revealed that the online game's sales and user participation did not align with their initial expectations. "While intending to enhance these aspects, we have adjusted our business forecast downward momentarily," mentioned Tao.
Despite challenges, Tao pointed out that Sony's revenue from live-service games constitutes over 40% of its first-party software income. Highlighting another success, Ghost of Yōtei, a first-party title, achieved over 3.3 million sales in its debut month.
Tao shared Sony's strategy to advance its studio operations and grow its intellectual properties. Discussions also covered the development setbacks of their team-based shooter, delayed in June. In the latest Q1 results, it was stated that Sony anticipates launching Marathon "within the fiscal year," aiming to meet this deadline.
Regarding the PlayStation 5, Tao remarked on the console's lifecycle, noting it is "at the midpoint of its progress." The comparison with the prolonged lifecycle of the PS4, released in 2013, serves as a benchmark for future expectations. Tao emphasized plans for further expansion of the PS5 platform.
Tao concluded alluding to future releases, maintaining confidentiality about any upcoming console announcements.