{"id":11669,"date":"2023-11-07T19:03:48","date_gmt":"2023-11-07T19:03:48","guid":{"rendered":"https:\/\/gsmkingpin.com\/wp\/2023\/11\/07\/epic-games-store-still-isnt-profitable-despite-promises-it-would-be-by-2023\/"},"modified":"2023-11-07T19:03:48","modified_gmt":"2023-11-07T19:03:48","slug":"epic-games-store-still-isnt-profitable-despite-promises-it-would-be-by-2023","status":"publish","type":"post","link":"https:\/\/gsmkingpin.com\/wp\/2023\/11\/07\/epic-games-store-still-isnt-profitable-despite-promises-it-would-be-by-2023\/","title":{"rendered":"Epic Games Store Still isn\u2019t Profitable Despite Promises it Would be by 2023"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The <a href=\"https:\/\/wccftech.com\/tag\/epic-games-store\/\" target=\"_blank\" rel=\"noopener\">Epic Games Store<\/a> will officially turn 5 years old in early December, and while some of the fiery debate surrounding the storefront has died down, that doesn\u2019t necessarily mean it\u2019s a success yet. Epic and Google are currently engaged in a legal showdown over app store fees, which has provided some interesting new testimony regarding the Epic Games Store.<\/p>\n<p>Yesterday, Epic Games Store boss Steve Allison took the stand, and <a href=\"https:\/\/www.theverge.com\/23945184\/epic-v-google-fortnite-play-store-antitrust-trial-updates\" target=\"_blank\" rel=\"noopener\">admitted the storefront still wasn\u2019t turning a profit<\/a>. At this point, Allison says the main aim is still to grow the store\u2019s userbase, rather than turn big profits (or any profits at all). This is significant, because back in 2021 during Epic\u2019s legal showdown with Apple, company found Tim Sweeney admitted the Epic Games Store was losing up to $300 million a year, but predicted their aggressive promotional tactics would result in the <a href=\"https:\/\/kotaku.com\/epic-ceo-tim-sweeney-is-very-excited-about-the-epic-gam-1846661057\" target=\"_blank\" rel=\"noopener\">store turning a profit in 2023<\/a>. Well, obviously, that hasn\u2019t happened.<\/p>\n<p>Recently, there\u2019s been less of a focus on Epic Games Store exclusives, with the few that we still see often only locked in for 3 to 6 months rather than a full year. That said, Epic is also fully funding some games, such as <a href=\"https:\/\/wccftech.com\/tag\/alan-wake-2\/\" target=\"_blank\" rel=\"noopener\">Alan Wake 2<\/a>, ensuring they\u2019ll be Epic-exclusive on PC for a longer period. Epic has also continued their practice of giving away an endless stream of free games, which has boosted the number of people with the Epic launcher downloaded on their PCs, but likely also contributed to its unprofitability.<\/p>\n<p>There have been some signs in recent months that things aren\u2019t going that well for the Epic Games Store, with a new scheme that <a href=\"https:\/\/wccftech.com\/epic-games-store-more-exlusives-epic-first-run-all-revenue-6-months\/\" target=\"_blank\" rel=\"noopener\">gives publishers all revenue for the first six months<\/a> rolled out to entice more games to the storefront. Longtime<a href=\"https:\/\/wccftech.com\/epic-games-store-boss-sergiy-galyonkin-leaves-epic-5-0-not-a-good-fit\/\" target=\"_blank\" rel=\"noopener\"> EGS boss Sergiy Galyonkin also recently left the company<\/a>. This all comes in the context of Epic recently admitting the company as a whole has been losing money for a while, <a href=\"https:\/\/wccftech.com\/epic-founder-explains-massive-layoffs-says-development-and-core-initiatives-are-unaffected\/\" target=\"_blank\" rel=\"noopener\">leading to widespread layoffs<\/a>.<\/p>\n<p>Personally, I\u2019ve never had any big issue with the Epic Games Store. Sure, it\u2019s launcher isn\u2019t as good as Steam\u2019s, but it\u2019s functional, and once you\u2019re actually in a game, it doesn\u2019t really matter. Opening another launcher takes 30 seconds. That said, the EGS brand is so tarnished at this point, I have a feeling turning a profit may never happen.<\/p>\n<div id=\"\" class=\"content-ad\">\n<div id=\"bizdev_mobile_3_wrap\" data-key=\"654165c1279e6\" class=\"d-md-none bg-square-mobile\" style=\"min-height: 280px; text-align: center;\"><a target=\"_blank\" class=\"noskim\" href=\"https:\/\/cutt.ly\/UwRyyWv0\" rel=\"sponsored noopener\"><img decoding=\"async\" style=\"display:inline-block\" loading=\"lazy\" src=\"https:\/\/cdn.wccftech.com\/wp-content\/uploads\/2023\/10\/THOR_300x250.jpg\" width=\"300\" height=\"250\"\/><\/a><\/div>\n<div id=\"bizdev_midcontent_ad_wrap\" data-key=\"654165956bff9\" class=\"d-none d-lg-block bg-horizontal\" style=\"min-height: 90px; text-align: center;\"><a id=\"bizdev_midcontent_ad\" target=\"_blank\" class=\"noskim\" href=\"https:\/\/cutt.ly\/UwRyyWv0\" rel=\"sponsored noopener\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/cdn.wccftech.com\/wp-content\/uploads\/2023\/10\/THOR_728x90.jpg\" width=\"728\" height=\"90\"\/><\/a><\/div>\n<\/div>\n<p>What do you think? Will the Epic Games Store ever be profitable? Or is it just throwing good money after bad at this point?<\/p>\n<div class=\"story-share-bottom\" data-nosnippet=\"\">\n\t\t\t\tShare this story<\/p>\n<p><svg width=\"20\" height=\"20\"><use xlink:href=\"#icn-shareFacebook\"\/><\/svg> Facebook<\/p>\n<p><svg width=\"20\" height=\"20\"><use xlink:href=\"#icn-shareTwitter\"\/><\/svg> Twitter<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/wccftech.com\/epic-games-store-not-profitable-2023\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Epic Games Store will officially turn 5 years old in early December, and while some of the fiery debate surrounding the storefront has died down, that doesn\u2019t necessarily mean it\u2019s a success yet. Epic and Google are currently engaged in a legal showdown over app store fees, which has provided some interesting new testimony&hellip; <a class=\"more-link\" href=\"https:\/\/gsmkingpin.com\/wp\/2023\/11\/07\/epic-games-store-still-isnt-profitable-despite-promises-it-would-be-by-2023\/\">Continue reading <span class=\"screen-reader-text\">Epic Games Store Still isn\u2019t Profitable Despite Promises it Would be by 2023<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":11670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/posts\/11669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/comments?post=11669"}],"version-history":[{"count":0,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/posts\/11669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/media\/11670"}],"wp:attachment":[{"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/media?parent=11669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/categories?post=11669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsmkingpin.com\/wp\/wp-json\/wp\/v2\/tags?post=11669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}