Fortnite’s success continues to create shock-waves around the industry, as the game as now earned over more than $1.2 billion since its launch in September. The game is free to play, but the in-game sales continue to be #1 in the industry.
New analysis from Bloomberg suggests that with Fortnite’s success, Epic Games is now worth over $8.5 billion. This value is based on all of Epic’s revenues, including Unreal Engine. Fortnite is on track to make $2 billion by the end of this year.
Tim Sweeney, the founder and CEO of Epic Games, created the company in his parent’s basement 27 years ago. Sweeney is currently the controlling shareholder of Epic Games. Bloomberg states that making Fortnite free to play, with in-game purchases, has paid off and made him a billionaire.
Analyst in the Bloomberg piece suggested that if Epic Games were put up for sale, it would be worth around $14 billion based on similar values that EA and Activision Blizzard Inc. are worth. They also added that even if Fortnite’s momentum slowed down, the company could still expect to earn $1 billion a year from the title’s in-game sales.
New data also released by Sensor Tower recently stated that Fortnite on mobile makes around $2 million a day, up from $1.5 million earlier this year, thanks to Season 5.