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Epic Games

Consumer, Commerce & Media · Cary, North Carolina · Private

Epic Games operates Fortnite, Unreal Engine and the Epic Games Store, combining a consumer entertainment platform with widely used development tools.

$22.5BLast disclosed valuationDisney strategic investment, February 2024
$1.5BLatest strategic investmentDisney, February 2024
PrivatePublic statusNo listed shares

The Company

Epic's ecosystem spans Fortnite, Unreal Engine, digital distribution and creator tools. This gives it both hit-driven entertainment exposure and infrastructure-like software economics.

Disney invested $1.5B in 2024 to develop a connected games and entertainment universe with Epic, adding a strategic partner to a long-standing private shareholder base.

Why It Matters

Epic is one of the largest private consumer-internet platforms. It matters beyond gaming because its engine, marketplace and creator ecosystem influence how interactive media and virtual worlds are built and monetized.

Valuation History

  1. $17.3B→Aug 2020Funding roundSource ↗
  2. $28.7B→Apr 2021Funding roundSource ↗
  3. $31.5B→Apr 2022Sony and KIRKBI fundingSource ↗
  4. $22.5B→Feb 2024Disney strategic investmentSource ↗

What Changed

  1. Disney invested $1.5B to create a persistent games and entertainment universe connected to Fortnite.

  2. Updated Epic Games Store economics, including a 0% revenue share on the first $1M in annual per-app revenue processed by Epic.

THE NEXT COMPANY. A CLEARER PICTURE.

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