Documents from the Apple-Epic Games lawsuit have revealed new information about the Epic Games Store. According to the court case, Epic doesn’t expect to see the Epic Games Store turn a profit until at least 2027.
“Epic lost around $181 million on EGS in 2019. Epic projected to lose around $273 million on EGS in 2020. Indeed, Epic committed $444 million in minimum guarantees for 2020 alone, while projecting, even with ‘significant’ growth, only $401 million in revenue for that year. Epic acknowledges that trend will continue in the immediate future: Epic projects to lose around $139 million in 2021,” said lawyers for Apple. “At best, Epic does not expect EGS to have a cumulative gross profit before 2027.”
Epic Games has invested $493 million into the Epic Games Store since 2019. The company originally believed the platform would be profitable by 2023.
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(All information was provided by PC Gamer and TechSpot)
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