Epic Games, Inc. Overview
Pro stress-test →Epic Games is a video game developer and software company known for its flagship game Fortnite and is the creator of Unreal Engine 5, a gaming engine which claims to offer developers the ability to build real-time 3D games. The company's long-term vision is to expand the GDP of gaming by giving more developers tools to build, distribute, and monetize interactive worlds.
Strategic Profile
Pro stress-test →Epic's gross revenue includes game revenue from Fortnite, engine revenue derived from game licenses and royalties, and Unreal Engine assets. Epic is cementing market leadership through a creator-first business model, investing in the Unreal Editor for Fortnite and allowing developers on the Epic Games Store to earn 100% of the first $1 million in net revenue per product annually.
Competitive Landscape
Pro stress-test →Epic Games competes with major gaming publishers including Rockstar Games and Blizzard Entertainment in game development, while its Unreal Engine competes with Unity Engine in the game development software space. The company faces intense competition in the digital game distribution space against established platforms like Steam and mobile app stores, though Epic differentiated with its 12% platform fee versus 30% charged by competitors.
Industry Context
Epic Games, Inc. operates in Video Games & Entertainment Software.
Key facts
Founded: 1991 · Headquarters: Cary, US · Employees: 4,000 · Revenue: $5.6B (2024 estimate) · Market cap: N/A