Epic Games Store Struggles To Turn A Profit: Inside Fortnite's Parent Company Court Case
Portfolio Pulse from Franca Quarneti
Epic Games, the company behind Fortnite and the Epic Games Store, has admitted in court that their digital PC game store is not profitable. Despite its growth and the addition of features and exclusive titles, the store has struggled financially. The company had previously argued that the losses incurred, over $300 million, were part of a strategic plan to expand the store's user base and business. However, as 2023 arrived, it became evident that Epic's strategy had not resulted in profitability. In September, the company laid off 830 employees, approximately 16% of its workforce, citing financial difficulties.
November 07, 2023 | 7:33 pm
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Epic Games is in a legal battle with Alphabet Inc's Google over app store fees. The financial struggles of Epic Games could potentially impact this ongoing legal battle.
Epic Games' financial struggles could potentially impact its ongoing legal battle with Google over app store fees. However, as Google is a much larger company with diverse revenue streams, the impact on Google's overall financial performance is likely to be minimal.
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