- General
- May 4, 2021
- 5 minutes read
Court Docs: Fortnite Maker Epic Made $15B In 2018-2020
Fortnite maker Epic Games is having a court battle with Apple over the latter’s App Store practices and that battle…
Fortnite maker Epic Games is having a court battle with Apple over the latter’s App Store practices and that battle has led to several documents coming out of the shadows with valuable information about Epic Games not publicly known before.
- Among the information revealed in court proceedings between Epic and Apple is the sheer scale of Epic’s revenue largely gotten from its hit game Fortnite. Official documents indicate that Epic Games made respective annual sales of $5.6bn, $4.2bn, and $5.1bn in 2018, 2019, and 2020, summing up to just shy of $15bn.
- Epic’s revenue in 2018 and 2019 was revealed in financial documents made public as part of its court battle with Apple while its revenue for 2020 was separately revealed in a court testimony by Epic CEO Tim Sweeney.
- The vast majority of Epic’s revenue comes from Fortnite while its other products like the Unreal Engine and the Epic Games Store bring in a minority of revenues.
- Specifically, Fortnite brought in $5.5bn and $3.7bn in revenue respectively in 2018 and 2019 while the Unreal Engine brought in $124mn and $97mn in sales and the Epic Games Store just $2mn in sales in 2018 and shot up to $233mn a year later.
- Fortnite continues to maintain over 60 million monthly active users since 2018.
- The documents show that Epic Games has invested heavily its Fornite profits into growing other products like the Epic Games Store, which launched just in 2018 and brought in $233mn in sales a year later. Documents indicate that Epic has invested many millions of dollars into securing exclusive games for its store.
- Rocket League, another game owned by Epic Games, brought in a combined $108mn in revenue in 2018 and 2019. Epic acquired the developer behind Rocket League in 2019.
- According to Sweeney, Epic Games employs 3,200 people globally.