3 ms·

> Epic grossed a $3 billion profit for this year What does this even mean? Net income? Top line gross profit (meaning minus COGS), which is normally like 80% G

• symisc_devel 8y ago
  Pure profit after taxes apparently.
• jjeaff 8y ago
  Yes, gross profit is usually understood as revenue minus cogs. But it doesn't seem like the reporter is using it correctly here.
  • mbesto 8y ago
    I'm about 63%* sure the reporter is referring to revenue. * made up number
    • iiv 8y ago
      Revenue and profit are two entirely different things. If it says profit, I feel like it's more likely it's profit rather than revenue.
      • mbesto 8y ago
        You must be new to TechCrunch articles.
• crispyambulance 8y ago
  > What does this even mean? Net income? Not sure what exactly it means, but it sounds like A LOT. The number of employees at Epic appears to be ~700. I do hope that the people who did the work are getting paid handsomely. They should be, right?
• rchaud 8y ago
  My guess would be that they don't actually know. The $3 billion figure itself seems to be an estimate; there are no references to what the figure was last year. Additionally, Epic makes more stuff than just Fortnite, and the article didn't bother to even try to attribute income to anything other than Fortnite. I had to read the article twice, because at first I was also confused as to whether they were referring to operating income or net income. Epic is a private company so they aren't making their income statements public.