Sony is not happy with the performance of Destiny 2, the company confirmed in its latest Q2 earnings announcement. “Regarding Destiny 2, partially due to changes in the competitive environment, the level of sales and user engagement have not reached the expectations we had at the time of the acquisition of Bungie, Inc.” Sony Chief Financial Officer Tao Lin said. In response, the company is recording around a $204 million impairment on the developer’s intangible assets.
The impairment isn’t equivalent to money lost, but rather a representation of Destiny 2 not meeting the sales and engagement models Sony made when it acquired Bungie. The “intangible assets” Bungie brought to the
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