Tim Sweeney: Epic Games is now financially stable
Throughout the last year, Epic Games has been restructuring its processes, as shared by its CEO Tim Sweeney at the Unreal Fest 2024 event. According to him, this has yielded positive results.
Tim Sweeney at Unreal Fest 2024
A year ago, Epic Games was spending more than it was earning. Ultimately, this situation led to Epic Games laying off over 800 employees in September 2023, along with divesting two assets—the music platform Bandcamp and the advertising provider SuperAwesome. As Sweeney recalls, it was then that the company began actively getting its finances in order.
Epic Games has now achieved financial stability. Sweeney did not disclose the current revenue of the company, noting only that Epic Games is pleased with the success of Fortnite and the Epic Games Store. Particularly, it highly values the number of their monthly active users. Recently, Fortnite's MAU reached 110 million people—a record. As for the Epic Games Store, its MAU remained strong, reaching 70 million people in September 2024, according to reports.
