According to a recent analysis by Bloomberg, Epic Games is now worth a staggering $8 Billion. This is no doubt in no small part thanks to the increasing popularity of Fortnite, which is on track to take in $2 Billion in revenue this year.
The report values Epic Games at somewhere between $5 Billion and $8 Billion, and includes its takings from Unreal Engine and other projects. There’s no doubting that Fortnite has had a huge part to play in the company’s success, though, given that as of early June it had been played by 125 million people.
At its current trajectory, Bloomberg predicts that Epic Games could even take in as much as $14 Billion if sold to the highest bidder, based on the trading multiples of peers Electronic Arts Inc. and Activision Blizzard Inc. It all culminates in a very lucrative time for Tim Sweeney, the Founder of Epic Games Inc., seeing as he is also the controlling shareholder.
Epic of course would likely have been a success without Fortnite (its engine business is by no means shabby), but Fortnite has played a very large part and it isn’t going away any time soon. Epic Games recently launched Fortnite Season 5, which offers up all new skins, weapons and a Battle Pass to purchase. The game is doing hugely well on mobile too, reportedly taking in daily revenues of up to $2 million (huge, especially when you consider the fact that it’s not even out on Android yet).
Fortnite is currently celebrating its first anniversary. For more details, head over to our Fortnite Birthday Challenges guide, and tips on how to find the birthday cakes in Fortnite. Fortnite Week 3 Challenges kick off on Thursday.