Rebellion Against Rebellion

After writing $204 million off Bungie's value in November last year, Sony has recorded another $565 million impairment loss against the studio--resulting in a total $769 million being wiped off Bungie's value in the last financial year.While Sony gaming's FY2025 results are generally pretty strong considering the challenging market conditions, the company listed the $769 million loss against Bungie's value as the biggest negative factor impacting its operating income. The write down, which represents over 20% of the $3.6 billion Sony paid for Bungie back in 2022, doesn't look good for Bungie,