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Epic Video games Declares It’s “Financially Sound” After a Yr of Rebuilding – MMOs.com
Epic Video games, the corporate behind Fortnite and the Unreal Engine, has formally declared that it’s again on strong monetary floor. Following the unprecedented progress many tech firms skilled through the pandemic, Epic and different online game studios expanded aggressively solely to seek out themselves downsizing as soon as issues returned to a semblance of normalcy.
After a difficult 12 months that included shedding over 800 workers and promoting Bandcamp, CEO Tim Sweeney introduced at Unreal Fest 2024 that the corporate has turned issues round. “We spent the final 12 months rebuilding and actually executing solidly on all fronts,” Sweeney mentioned. “I’m completely happy to inform you now that the corporate is financially sound.”
Regardless of the turbulence, Fortnite continues to be a juggernaut, hitting a brand new peak of 110 million month-to-month energetic customers over the vacation season. To not be outdone, the Epic Video games Retailer noticed a file 70 million month-to-month energetic customers in September, in line with retailer GM Steve Allison.
Epic has additionally launched new incentives for builders to deliver their video games to the Epic Video games Retailer. Builders utilizing Unreal Engine will now pay decrease royalty charges—down from 5% to three.5%—for any recreation launched on EGS at launch, even when gross sales occur elsewhere ( you, Steam). Sweeney appears decided to maintain builders (and attorneys) completely happy, as the corporate continues its authorized battles with Google and Apple, and extra lately Samsung, over cellular storefront restrictions.
Whereas final 12 months’s layoffs had been a tricky tablet to swallow, it appears to be like like Epic’s monetary restructuring has paid off. Perhaps they’re not fairly swimming in V-Bucks, however with Fortnite’s person base nonetheless rising and the Epic Video games Retailer thriving, the corporate’s monetary woes are apparently formally a factor of the previous.