Epic Games (EPGA.PVT)
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Learn MoreDescription
Epic Games is a video game developer and software company that provides its game engine technology to other developers and creators. The company is best known for its flagship game Fortnite, an online battle royal which offers in game purchases. Epic Games is also the creator of Unreal Engine 5, a gaming engine which claims to offer developers the ability to build real-time 3D games. Additionally, Epic Games operates a digital storefront called Epic Games Store, which distributes both third party and Epic made video games. The company was incorporated in 1991 and is based in Cary, North Carolina. Notable investors in Epic Games include KIRKBI A/S, Sony, Kohlberg Kravis Roberts, Vulcan Capital, and Disney Accelerator.
Epic Games
- Sector:
- Media and Entertainment
- Industry: Developer Platform, Gaming, Software, Video Games
- Full Time Employees:
- 1,001
Key Executives
Name | Title |
|---|---|
| Tim Sweeney | Chief Executive Officer |
| Randy Gelber | Chief Financial Officer |
Key Facts
Epic Games gained significant prominence with the global success of Fortnite, a free-to-play battle royale game that became a cultural phenomenon. Fortnite’s unique blend of gameplay mechanics, social interaction features, and cross-platform availability attracted millions of players worldwide and generated substantial revenue through in-game purchases and virtual goods.
Epic Games has strategically expanded its capabilities and market reach through acquisitions. For example, Epic’s acquisition of Psyonix, the developer of Rocket League, further diversified its gaming portfolio and strengthened its multiplayer and esports presence.
Partnerships with major brands, such as Marvel and Disney, for in-game collaborations and events have expanded Epic Games’ brand appeal and market visibility.
The company faces significant competition in the gaming and digital distribution markets from established players like Steam, Microsoft, and Sony.
Epic Games’ financial performance is heavily reliant on the success and longevity of Fortnite. While Fortnite has been immensely profitable with its in-game purchases and virtual goods, its popularity could wane over time due to shifting player preferences, competition from new games, or changes in gaming trends. Any decline in Fortnite’s revenue could significantly impact Epic Games’ overall financial health and growth prospects.
Epic Games’ success is partly attributed to its Unreal Engine, a game development platform used by developers. However, maintaining Unreal Engine’s technological leadership requires ongoing investment in research, development, and support, which could drive costs for.
