Epic Games Is Now Worth Billions
Fortnite has taken the world by storm, and as the mainstream media stop to take notice, Epic Games soars to new monetary heights. As a result, Bloomberg notes, the company founder Tim Sweeney is now a billionaire.
Epic Games owes its success to the meteoric rise of Fortnite and it’s revenue stream. While the company’s reputation and income have reached unprecedented levels, as the majority shareholder, Sweeney is a direct beneficiary. As the game’s popularity rises, so too do the stock prices that have contributed to the founder’s new billionaire status. Moreover, the company is expected to generate roughly $2 billion for the year 2018. This raises the worth of Epic as a whole, with the company expected to build its “worth $5 billion to $8 billion, according to the Bloomberg Billionaires Index.”
Fortnite: Battle Royale has accumulated over $100 million on a monthly basis, breaking the billion-dollar threshold as of last month. Bloomberg’s projection of the game’s future revenue, more or less, falls in line with Superdata’s report from earlier this month. Likewise, the report attributes Fortnite’s lucrative revenue numbers to its free-to-play model. Transactions for in-game V-Bucks account for every dollar that has made Epic Games the juggernaut it is today. It may also help that the game remains the most watched game on Twitch, and battle royale remains the most watched genre.
Fortnite: Battle Royale is available now on PC, PS4, Xbox One, Nintendo Switch, iPhone, and currently in development for Android.
SOURCE: GameInformer