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Epic Games Declares Financial Stability After Strategic Overhaul

CEO Tim Sweeney announces recovery following significant layoffs and legal challenges, with Fortnite and Epic Games Store hitting new milestones.

  • Epic Games CEO Tim Sweeney confirmed the company is now financially stable, following a year of restructuring and cost-cutting measures.
  • The company laid off approximately 830 employees in 2023 and divested Bandcamp and parts of SuperAwesome to address financial issues.
  • Fortnite achieved a record 110 million monthly active users during the last holiday season, showcasing its enduring popularity.
  • The Epic Games Store reported 70 million monthly active users, although it continues to face profitability challenges.
  • Epic Games has filed a new lawsuit against Google and Samsung over app store restrictions, adding to its ongoing legal battles.
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