How rich is Epic Games?

Is Epic not profitable?

Despite being in the market for almost five years, the Epic Games Store is not profitable yet. Since its launch, the Epic Games Store has been in fierce competition with Steam, using free games and exclusive Epic Games Store releases such as Tchia, Alan Wake 2, and Salt and Sacrifice to attract a wider customer base.

Does Epic Games make a profit?

It's even launched aggressive revenue terms for publishers and developers to try and attract more games to its platform. Despite all this, the Epic Games Store is yet to turn a profit for Epic, and remains a loss leader as it approaches its fifth birthday in December.

Why did Epic lose $500 million dollars?

Epic Games agreed in December to pay a total of $520 million to settle US government allegations that it misled millions of players, including children and teens, into making unintended purchases and that it violated a landmark federal children's privacy law.

How well is Epic Games doing?

The Epic Games Store now offers over 2900 titles, increasing the games available to our audience by 88% since 2022. Players spent $310M on 3rd Party applications, down 13% year over year. Including Epic's own games, players spent over $950M in 2023, up 16% from 2022.