Executive Summary
The Agenda for today is to update the board on Project Liberty

«Epic Performance s Strong
Fortnite reached record engagement of 81.2mm MAU in May 2020 and Season 13 Battle Pass launched June
2020 is on par with the best season ever ~ Fortnite revenue in 1H was $2.0bn beating forecast by 70%
We are seeing a slow down in engagement of last 30-day rong active users and expect Fortnit revenue in 2H
to be $2.2bn ending the year at $4.2bn of total Fortnite revenue
Post E2 cash balance of $3.4bn

«Tide is Turning Against Apple and Google
Multiple investigations in U.S. and EU
Unhappy customers, partners, and ecosystem
Negative Press

«Significant Planning has gone into Project Liberty, Epic's War Against Mobile Platform Fees
Epic has a detailed Public Relations and Legal Policy strategy

The Timeis Now

REDACTED FOR PRIVILEGE
Foriniie’s all ime high user base plus the Marvel Season and concerts adds pressure to Apple and Google
Growth is predicated on user generated content; stronger creator revenue share from lower mobile platform
fees
a8 Solve this problem before AR takes off and that rate Is set at 30% 2
HIGHLY CONFIDENTIAL ATTORNEYS EVES ONLY epic owseres