In litigation between Epic Games and Apple new documents have been published online that mention the financial results of the digital store Epic Games Store…
As noted by Epic Games, EGS is still operating at a loss to increase its market share. The company predicts that the store will only start making money by 2023. However, a 12% commission from developers and publishers covers the costs of maintaining the service.
Apple, in turn, reports that in 2019 Epic Games lost about $ 181 million on EGS, in 2023 it expected to lose about $ 273 million, and this year it predicts losses in the region of $ 139 million.
According to Apple, Epic Games has recognized that investing to increase EGS’s market share will result in sunk costs.
The company has lost at least $ 330 million in exclusive deals with developers and publishers, as they do not return money regardless of the sales figures of their games.
As noted by Apple, Epic Games does not expect EGS to generate cumulative gross margins before 2027 at best.
Recall that last year, users spent more than $ 700 million in EGS. At the same time, the audience of the store grew to 160 million registered users and 56 million active users in December.
More on review
