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Epic's Value Skyrockets Thanks to Fortnite (and other stuff...)

Posted by Suzie Ford on Jul 25, 2018  | Comments

Epic's Value Skyrockets Thanks to Fortnite (and other stuff...) - MMORPG.com

Bloomberg has analyzed Epic Games and has placed its corporate value between $5B and $8.5B. While the valuation is based on all of Epic's business holdings, including the licensing of the Unreal Engine, it is clear that "Fortnite mania fuels Epic growth to $8.5B" as the headline reads at Bloomberg. Fortnite alone is estimated to see over $2B in earnings this year, something that has propelled Epic to new heights.

According to Sensor Tower, Fortnite has generated $2M per DAY since the debut of Season 5 on July 13th, a 12% increase over the previous season.

It's phenomenal growth considering that Epic Games was valued at $825M at the point when Tencent bought a 40% stake in the company back in 2012.

Its success surprised even Epic. At last year’s E3, the industry’s big trade show, Epic showed a few reporters the game hidden away in a meeting room. At this year’s convention, the Epic booth was entirely devoted to Fortnite, with a replica of the bus that players travel in at the beginning of the game and opportunities for fans to star in videos dancing and hang gliding. That week, Epic staged its first Fortnite Celebrity Pro-Am with guests such as comedian Joel McHale and professional gamer Ninja (real name Tyler Blevins) competing in a soccer stadium. In May, Epic announced it would provide $100 million to fund prize pools for Fortnite competitions.

Read the full report over at Bloomberg.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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