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.
Overview
- 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.