Jump to content
Sign in to follow this  
Kramer

Fortnite sends Epic Games to a $3B profit in 2018

Recommended Posts

Please wait

It was an epic year for the makers of Fortnite.

Epic Games grossed a $3 billion profit for this year fueled by the continued success of the game Fortnite, Opens a New Window.a source with knowledge of the business told TechCrunch.

Epic did not respond to a request for comment from TechCrunch.

Fortnite, which is free to play, but makes money selling digital items, has been the standout title for the U.S.-based game publisher.

This past September, Epic commanded a valuation of nearly $15 billion, accoridng to the Wall Street Journal, as marquee investors like KKR, Kleiner Perkins and Lightspeed piled on in a $1.25 billion round to grab a slice of the red-hot development firm.

    China’s Tencent, the maker of blockbuster chat app WeChat and a prolific games firm in its own right, became the first outside investor in Epic’s business back in 2012 when it injected $330 million in exchange for a 40 percent stake in the business.

    Back then, Epic was best known for Unreal Engine, the third-party development platform that it still operates today, and top-selling titles like Gears of War.

    As a private company, Epic keeps its financials closely guarded.

    Fortnite is a cross-platform title that supports PlayStation, Xbox, Switch, PC, Mac, Android and iOS.

    Share this post


    Link to post
    Share on other sites

    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.

    Guest
    Reply to this topic...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    Sign in to follow this  

    • Miley got naked again on Instagram this weekend. Here.

      Image result for Miley Cyrus marks National Puppy Day with another nude photo – this time with a dog

    • You didn't win the powerball jackpot. Neither did anyone else. Guess what it's up to now? Here.

      Image result for You Didnât Win The Powerball Draw â But Nobody Else Did Either

    • Should black people get reparations? Here.

      3-24-2019 3-00-02 PM.png

       

    • You won't believe how Barbara Streisand defended Michael Jackson. Here.

      Barbra Streisand says Michael Jackson’s accusers were ‘thrilled to be there’ and his ‘sexual needs were his sexual needs’

       

       

    • Alex Jones loses it in restaurant in Texas. Caught on video. Here.

      3-24-2019 2-30-05 PM.png

    ×
    ×
    • Create New...