As much as I dislike the EGS, I agree with this statement. Losing ONLY a few hundred million to become the number 2 (are they? I assume so, but have no basis) ecosystem on the biggest platform is chump change. MS dropped a billion plus to break into the console market.
The console market is a different ball game, each platform holder creates their own closed ecosystem.
The PC market is completely open and the only thing stopping someone breaking in is distribution rights with publishers and having the ability to develop a competent and competitive launcher.
The latter is where everyone is failing and in the case of Epic instead prioritising the development of their launcher and storefront they are attempting to circumvent that step by money-hatting exclusive games.
This is why it comes as no surprise to me that it's predominantly console gamers who are championing Epic's strategy, that methodology is what they are familiar with. The reality is that on PC it is wholly unnecessary and rarely works in the long term.