Fortnite Publisher Worth $17.3B Following Funding Round, Almost Three Times Major League Soccer

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Based on the research data analyzed and published by, Epic Games was valued at $17.3 billion in August 2020 following a successful funding round. The funding round saw a total of $1.78 billion injected into the company.

Sony Corporation was among key investors, acquiring a 1.4% stake following a $250 million investment.

Fortnite Revenue Topped $2M First Day on iOS, Top Game Globally in 2019 with $1.8B Revenue

In addition to CEO and founder Tim Sweeney’s 50% stake, the other big stakeholder in the company is Tencent. Tencent bought a 40% stake in Epic for $330 million in 2012, when it was valued at only $825 million. According to Bloomberg, in 2018, Epic Games was worth between $5 billion and $8 billion. The 2020 valuation, which is at $7.5 billion, makes it almost three times as big as the Major League Soccer.

Part of the reason for the massive growth in valuation is the success of Fortnite. The free-to-play game which launched in 2017 made over $1.2 billion in its first 10 months of existence. During the same period, it had amassed a player audience of 125 million strong. Following its launch on iOS in 2018, it made $2 million in a single day. Over the first 30 days on iOS, it grossed more than $25 million.

Data from SuperData ranks it as the top game globally in 2019 after it generated $1.8 billion in revenue. League of Legends, which is 100% owned by Tencent, was second with $1.5 billion. During that year, free-to-play PC games generated $20.6 billion in total according to the same source. According to Statista, Fortnite had a player count of 350 million in May 2020. In contrast, the player count for LoL is estimated to be between 100 million and 120 million.

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