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Wednesday, May 5, 2021

Fortnite made greater than $9 billion in income in its first two years

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After a meteoric rise to reputation in 2018, Fortnite generated greater than $5 billion in its first yr for Epic Video games, new monetary paperwork reveal. The doc, made public as a part of Epic’s court battle with Apple over the latter’s App Retailer practices, exhibits that the sport introduced in additional than $9 billion complete for Epic in 2018 and 2019.

The doc doesn’t break down how a lot Epic particularly profited from Fortnite, however the firm reported greater than $5.5 billion in revenue from the two-year interval.

Within the doc, the corporate predicted that it might have virtually $3.6 billion in income for 2020. Epic doesn’t often publicly present monetary statements, however CEO Tim Sweeney’s recent testimony signifies that it really made rather more: $5.1 billion.

The income from Fortnite far outshone some other companies that Epic ran on the time — “different video games” (equivalent to Rocket League, acquired by Epic in 2019) made $108 million in income in 2018 and 2019, and Epic’s engine introduced in $221 million over the identical span. Epic’s Recreation Retailer, launched on the finish of 2018, introduced in a complete of $235 million between 2018 and 2019.

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Replace Might third, 5:12PM ET: Added Epic’s precise 2020 income supplied by Tim Sweeney’s testimony.

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