The company formerly known as CCP Games has announced that it will become an independent entity operating under the new name Fenris Creations.
Fenris Creations is now governed by its own Board of Directors, returning to a model similar to how the company operated before 2018, and one designed to support strategic decision-making for persistent live games and long-running virtual worlds.
The change reflects a shift in ownership and governance only. Fenris Creations will continue to operate as a standalone studio, responsible for its strategy, operations, and creative direction. Fenris Creations’ leadership team, studios, products, and ongoing development plans remain unchanged, with the same people who have guided the Eve universe for many years continuing to lead the company.
Alongside this transition, Fenris Creations is entering into a research partnership with Google DeepMind, focused on advancing understanding of intelligence in complex, dynamic systems. The collaboration will explore areas including long-horizon planning, memory, and continual learning, using Eve Online as a uniquely rich environment for study.
Google DeepMind will work with an offline version of Eve Online running on a local server to test and evaluate models in a controlled setting. Together, the partnership will also explore new gameplay experiences enabled by these technologies. Google has invested in Fenris Creations as part of this transition, taking a minority stake in the company.
“We’re grateful to Pearl Abyss for their partnership and for the consistent support they’ve shown us over the past seven and a half years,” said Hilmar Veigar Pétursson, CEO of Fenris, in a press release. “Eve Online exists today because of pioneering thinking, patience, and trust between developers and players. Our new structure and partners enable us to carry that legacy forward, continuously evolving a living universe and actively exploring what it can become, with forever in mind.”
Since 2018, CCP Games and Pearl Abyss have worked closely together while evolving as companies. Following a joint review of long-term strategy, both parties concluded that the company is now best supported through independent ownership as Fenris Creations, while Pearl Abyss continues to focus on the growth of its own core titles and IP portfolio. Broader differences in operating context, current strategic focus, and long-term priorities were among several factors considered in this decision.
Fenris Creations is entering its next phase with strong momentum across the company’s sci-fi universe. Eve Online closed 2025 with some of its best results in several years, including a record-breaking revenue month in November and a standout Q4 that became the second-highest revenue quarter in the game’s more than 20-year history. In its third decade of continuous operation, the iconic spaceship MMORPG is exceeding internal expectations and demonstrates sustained strength as a live service.
Adding to Fenris Creation’s strong position are two upcoming titles in development: Eve Vanguard, an extraction-adventure FPS, and Eve Frontier, an online space survival game. The company remains profitable, with over $70M in reported revenue for 2025 and strong reserves, reflecting sustained player engagement and enabling continued investment in the long-term health of the Eve Universe.