Epic Games Received a New Investment of $750 Million

Producer and publisher of Fortnite, one of today's most popular 'Battle Royale' games. Epic Games, increased its value by another 750 million dollars. According to the news in Venture Beat, the company's pre-investment value was 16.3 billion dollars, while its post-investment value was to 17 billion dollars rose.

With more than 350 million players FortniteEpic Games, the publisher and developer of Epic Games, is also a very popular game engine in the gaming world. Unreal EngineHe is also the creator of .

Epic Games' new investors:

According to the information revealed, Epic Games' new investors T. Rowe Price Group and Baillie Gifford happened. Since Epic Games is a relatively closed company in terms of revenue and profit, the new agreement also allowed for an overview of the financial situation of the company.

Epic Games in total in 2019 $4.2 billion income, and its profit before dividends, taxes, and depreciation expenses are deducted. $730 million He explained that it was. In 2020, these figures were predicted to be 5 billion dollars and 1 billion dollars, respectively.

According to information provided by a source within the industry, Fortnite's revenue decreased only in April due to the impact of the epidemic. 400 million dollars He found it. In its statement in April, Epic Games announced that players 3.2 billion hours He announced that he had passed. Also, the virtual Travis Scott concert held in Fortnite, more than 27 million It brought people to the game.

Epic Games had a better performance in 2018 compared to 2019. The company in 2018 $5.6 billion He announced that he was generating income. Of course, let us remind you that Epic Games, 40% of whose shares were purchased by Tencent in 2012, made huge investments in the Epic Games Store during this period, increased its Fortnite and Unreal Engine staff, and made some acquisitions.