Fortnite Made Over $9 Billion in 2018 and 2019 Combined

We knew Fortnite was making Epic Games a boatload of money, now we have an idea of how much. Across all platforms, Fortnite made over $9 billion in 2018 and 2019 combined: $5.5 billion in 2018 and $3.7 billion in 2019. This is according to court documents that dropped today as part of the Epic vs. Apple anti-trust suit. The documents was filed in January 2020, so before there was any data for how much Fortnite would make in 2020. At the time Epic was projecting it would bring in a decreased $2.8 billion in 2020 due to market saturation, players falling off over time, and fewer players wanting to buy cosmetic upgrades. Though we don’t have actual numbers, mobile analytics firm Sensor Tower has projected that Fortnite on iOS alone brought in about $1.2 billion in revenue before it was removed from the App Store. [ignvideo url=”https://www.ign.com/videos/2020/08/13/fortnite-1984-apple-parody-video-short”] In total, Epic Games as a company made over $5.6 billion in revenue in 2018 alone, and $4.2 billion in 2019. During his testimony in today’s hearing, Epic CEO Tim Sweeney confirmed that Epic Games had made $5.1 billion in 2020. This is a major surge from the company’s projections listed in the financial document of only $3.6 billion for the year, with revenue likely getting a major boost from stay-at-home orders through the COVID-19 pandemic. Sweeney also confirmed that Fortnite now has 400 million total registered users. But while Fortnite continues to thrive, Epic Games’ other venture, the Epic Games Store, has yet to turn a profit. The same financial document notes that the Epic Games Store brought in a total of $235 million in revenue in both 2018 and 2019 combined. But with costs included Epic lost around $181 million on the store in 2019 alone, expected to lose $273 million in 2020, and expects to lose $139 million in 2021. This is due in no small part to major payouts made to game developers for PC exclusivity, as well as regular free game deals that Epic pledged to pay developers for out of its own pocket. Sweeney confirmed during the hearing today that he did not expect the Epic Games Store to turn a profit for another three to four years at least. The Epic v. Apple face-off in a California court began today, with both parties delivering opening remarks earlier this morning before Tim Sweeney was called to give evidence. The trial is expected to continue for three weeks before a verdict is reached. [poilib element=”accentDivider”] Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @duckvalentine.

About Esportsreporter.com

About Esportsreporter.com:  A leading news channel for all things eSports and gaming. Publishing the most relevant breaking news for esports and gaming including coverage of industry trends and guides on the business of eSports and gaming for investors and aspiring eSports and gaming professionals.

Esportsreporter.com is a wholly owned subsidiary of Appsoft Technologies, Inc. (OTC:ASFT) a publicly traded development stage company aspiring to be a leading contender in the esports, gaming and mobile apps industry.

Appsoft Technologies, Inc.

Safe Harbor Statement

This communication may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may,” “expects,” “believes,” “anticipates,” “intends,” “projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such  assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.

Other Articles

Leave a Reply