Fortnite Pushes Epic Games To $3B In Profit In 2018- MobileAppDaily
News

Fortnite Maker Epic Games Banked $3B In Profits In 2018

Fortnite game pushed Epic Games’ revenue to the maximum

Fortnite Maker Epic Games Banked $3B In Profits In 2018

Epic Games’ Fortnite is undoubtedly one of the biggest success stories of 2018. It made a huge amount of profits across platforms like Nintendo, PlayStation, Xbox One and Android, making its debut a few months back; and gathered around 200 million registered users.

Based on the Fortnite Revenue report 2018 by TechCrunch, the video game and software development company has made a jaw-dropping $3 billion in profit this year, all thanks to Fortnite series.

Epic Games revenue for 2018 is equivalent to its popularity with potential promotions including partners like Tyler ‘Ninja’ Blevins, and many more celebrities. Also, the company made some unwanted publicity when PUBG dropped a lawsuit against Epic Games earlier this year.

Fortnite, a free mobile gaming saga, makes most of its revenue from selling digital items and has made the Battle Royale category fashionable among the masses single-handedly.

Eric Williamson, the Lead Systems Designer, told Eurogamer

Epic Games, which was founded way back in 1991, charged a valuation of around $15 billion this past September, with investors like KKR, Kleiner Perkins and Lightspeed, backing the development firm with $1.25 billion in an investment round.

Tencent, the Chinese megacorporation, and the maker of blockbuster chat app, WeChat, and other prolific games became the first outside investor in Epic Games’ business back in 2012 and owns 40 percent stake in the company.

Back then, Epic was known for Unreal Engine, the third-party development platform but gave up the huge slice of its business with the changing times because Executives sensed a change in the way games were headed based on declining returns and increasing budget of console games.

Epic Games CEO Tim Sweeney explained that the investment money received from Tencent allowed the company to make freemium games rather than big box titles. Sweeney called this strategy ‘Epic 4.0.’ He further added,

Epic Games usually keeps its financials closely guarded, but digging beyond the $3 billion profit figure, Sweeney gave credits to Fortnite and said that the company had redefined modern gaming, both by true cross-platform experiences and by pulling in vasts amounts of money.

A recent report from Sensor Tower estimates that in November, iOS users were alone spending $1.23 million per day which helped the game bank $37 million in that month.

As previously mentioned Fortnite supports PlayStation, Xbox, Nintendo, PC, Mac, and Android, generating revenue from these platforms isn’t easy, but data from Super Data Research concluded that the game made $318 million in May across all platforms.

Fortnite has undoubtedly lost out a massive amount of revenue in China, because the Chinese Government froze all game licenses nine months ago, preventing new publishers from monetizing new games over that period. Tencent, which publishes Fortnite in China, released the game in the country but wasn’t able to draw any revenue from it.

Fortnite’s latest update 7.10 dropped early this month with twists and plots for the Christmas period. With the pace that Fortnite is picking up players and appeal of the festive period, this could have been its biggest revenue generator till date.

Though, Fortnite isn’t Epic Games’ only money-generator. The company also backs revenue with its Unreal Engine and Gears of War, as well as the newly launched Epic Games Store.

Either way, Epic Games boasts that it could do much more than just Fortnite and could drive much higher profits for the upcoming years.

Check out our news section, to keep yourself updated on other gaming apps and tech related news.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

Apple WWDC 2019 Keynotes: Top 6 Announcements

2 min read  

Event Date: June 3 to June 7Event Venue: McEnery Convention Centre stage, San Jose, CaliforniaThe Apple Worldwide Developers Conference (WWDC) 2019 is a showcase for Apple to generate the hype about its variety of upcoming and existing software. It is a chance to connect with thousands of co

News

Apple Pay Receives 'Transit Card' Integration In Beijing And Shanghai

4 min read  

Apple revealed the Apple Pay support for Shanghai and Beijing transit cards in the iOS 11.3 beta version. Now, Apple users in these cities are able to use the Apple Pay app while traveling through the public transport. However, the company hasn't disclosed the news officially but several users s

News

Apple and Google Takes Down Hundreds of Trading Apps From The Stores

4 min read  

Recently the researchers found too many malware containing apps and the mobile applications that are a potential threat to the users. In return, both the tech giants  Google and Apple actively took actions by withdrawing or deleting the apps from the respective application store to ensure the u

News

How To Download And Install Emus4U App Installer

4 min read  

If you are an Android owner and are looking up to add some tweaks in your apps, the app installers are the one which can help you to achieve your goals.Emus4U is the latest and best third-party app installer, offering users a fantastic choice of modified games, tweaked apps, tweaks, premium cont