Its Epic Games Raised $2 Billion. Its Valuation Rivals Publicly Traded Games Giants sonystreetjournal
In early 2018, Epic Games was valued at $33 billion. This makes it one of the most valuable privately held companies in the world. What does this mean for the gaming industry and for Epic Games specifically? Well, for one, it means that Epic Games is now rivaling publicly traded games giants like Sony (SNE) and Activision Blizzard (ATVI). In fact, Epic Games’s 2018 revenue was nearly twice that of Sony’s 2017 revenue. This also means that there is high potential for growth for Epic Games in the near future. Not only is the company expanding its product line and services, but it is also focusing on artificial intelligence (AI) and other cutting-edge gaming technologies. So what does this mean for investors? It means that there is a lot of potential upside potential for Epic Games shareholders over the next few years.
Epic Games Raises $2 Billion in a Stock Offering
Epic Games, the Fortnite juggernaut and king of battle royale games, has raised $2 billion in a stock offering. The valuation rivals publicly traded games giants Sony and Microsoft. Epic Games is still small fry compared to these behemoths but its growth over the past few years shows no signs of slowing down.
The company pulled in revenues of $1.15 billion last year, up from $700 million in 2017. The key to Epic’s success seems to be its focus on online multiplayer gaming with millions of players around the world playing Fortnite and other titles. In addition to Fortnite, the company also makes Unreal Engine 4, which is used to create games including Gears of War, Halo, and World of Warcraft.
Epic Games has been able to grow quickly thanks in part to its aggressive marketing strategy which has included sponsoring major sports leagues like the NFL and NBA as well as creating state-of-the-art virtual reality experiences for gamers. This combination of big name sponsorships and high-quality graphics has ensured that Epic Games continues to dominate the market place even as other competitors try to catch up.
Fortnite is Now Worth More Than PUBG
Epic Games, the developer of blockbuster games Fortnite and PUBG, has raised $ billion in valuation, making it one of the largest publicly traded gaming companies. The company’s valuation rivals that of industry giants Sony and Microsoft.
Fortnite is a popular online game that has drawn in more than 100 million players since its launch in July 2017. The game is based on building structures and fighting against other players in skirmishes. PUBG, meanwhile, is an online shooter that has become one of the most popular games on PC and mobile platforms. According to market research firm Newzoo, PUBG is estimated to have generated more than $2 billion in revenue since its release in December 2017.
The strong performance of these two games shows that there is a significant demand for video games that are both fun and challenging. Epic Games CEO Tim Sweeney said that the company’s growth prospects are “extremely strong” and that he expects Fortnite to continued to be one of the top-selling games for many years to come.
Epic Games Plans to Expand Beyond Gaming
Epic Games, the video game developer and publisher, has raised $ billion in valuation. This puts Epic’s valuation at rival publicly traded games giants Sony Corporation and Microsoft Corporation. The company also recently announced an agreement to acquire game development platform startup Fortnite for $1 billion. Unreal Engine 4 is the foundation of many popular video games, such as Fortnite, Battlefield 1 and Gears of War. Epic plans to use the proceeds from the acquisition to further develop its gaming platform and expand beyond gaming. Epic Games was founded by Tim Sweeney in 1997.
Conclusion
Epic Games has announced that it has raised $2 billion in total funding, valuing the company at a staggering $20 billion. This new funding round brings Epic’s total capital to date to $4.5 billion and makes it one of the most highly valued video game companies in the world. With this financing, Epic will continue developing its flagship title Fortnite, as well as other games such as Gears of War and Paragon.
