The Value of Epic Games Reached 17.3 Billion Dollars

One of the most talked about online gaming platforms of recent times Epic Games. While the platform was already popular enough with the world-famous Fortnite, it also managed to attract attention with the free game campaigns it launched. According to the latest information, Epic Games invested 1.78 billion dollars in its last investment round. 17.3 billion dollar It has been completed with valuation.

One of the names investing in Epic Games sony is coming. The Japan-based technology giant invested 250 million dollars in Epic Games and 1.4 percent had purchased its shares. When we look at other investors other than Sony, we see names such as Baillie Gifford, an investment management company, BlackRock, another international investment institution, Lightspeed Venture Partners and billionaire businessman David Tepper. In addition, KKR and Smash Ventures, which have invested in Epic Games in recent years, also participated in Epic Games' latest developments. in the investment round appears as one of those concerned.

Epic Games has not made its financial reports public in recent years, but there are some figures on this subject. For example, last year $4.2 billion Epic Games, which stated that it generated revenue, was stated to have a profit of 730 million, calculated without deducting expenses. This year's expectations are slightly higher. According to experts, Epic Games' financial report for 2020, from 5 billion dollars more It will show revenue and a profit of $1 billion.

The main reason that brought Epic Games' financial situation to these levels is undoubtedly Fortnite. According to the statements made in April, Fortnite brought Epic Games $400 million. Moreover, in these days when we are in the pandemic process, the earnings from Fortnite are increasing day by day. The reason for this is that gamers who stay at home are turning to games like Fortnite. According to the statements in April, players started playing Fortnite. 3.2 billion hours They wasted time. It seems that Epic Games will continue on its way by strengthening its place in the industry day by day.