Analyst firm Cowen has offered its assessment of Destiny 2‘s performance, claiming that there is increasing evidence that players are leaving the game’s community. Cowen Managing Director Doug Creutz sent a note to his clients that began with, “Destiny is not in a good place.”
Creutz gave the following four key reasons for the game’s lackluster performance:
1. “Design decisions were made that have made D2 a less engaging, and less distinctive, game than D1. In particular, key aspects of the D2 end game feel neutered compared to D1.”
2. “Microtransaction implementation, while not nearly as problematic as in Star Wars Battlefront 2, has still been a source of player unhappiness.”
3. “Bungie’s [the studio that developed the game] apparent urgency in responding to player feedback has been disappointing.”
4. “Until recently, Bungie did a poor job communicating its road map going forward, particularly compared to the more open stance of many other live service games.”
Creutz also mentioned the lessened support from video streamers, with Twitch viewership at “franchise-low levels.”
He concluded by saying that, while the franchise can recover, he isn’t optimistic:
“We do think Bungie still has some opportunity to fix the game’s problems over the next year and recapture engagement, but we’re not sure they have the ability to pull it off at this point … We also note that Destiny currently has more serious competition in its genre from a refurbished Division (Ubisoft) and the indie title Warframe than it did three years ago, when D1 had its own share of player dissatisfaction.”
The way Wall Street firms are commenting on video games like Destiny shows just how huge the industry has become. Video games are big business, and it’s sometimes easy to forget that.
What do you think of Destiny 2? Can the game pull things around? Let us know.
In other Destiny 2 news, several top Destiny YouTubers have lessened their support of the game, Bungie is hiring a new community manager, and the developer explains the faction rewards throttle and incoming adjustments.