Epic Games CEO Tim Sweeney said that Unreal Fest 2024 this week that the “Fortnite” maker is now “financially sound,” Gamesindustry.biz’s Sophie McEvoy reports. The chief executive recalled the company’s state in 2023, saying that it “had to get its finances in order,” which resulted in roughly 830 job cuts last September, the author notes. “We spent the last year rebuilding and really executing solidly on all fronts,” Sweeney said. “I’m happy to tell you now that the company is financially sound, and that Fortnite and the Epic Games Store have hit new records in concurrency and success.” Investors in Epic Games include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony (SONY).
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