The platform as a whole has generated $16.2 billion this year.
The flow of Valve-related news continues, moving from Half-Life 3 to another topic we all love to speculate about – just how financially successful the most enigmatic gaming giant really is. Short answer – incomprehensibly so, with the latest estimates from Alinea Analytics putting Steam's 2025 revenue for Valve at over $4 billion so far.
Valve
As shared by Alinea's Rhys Elliott, the biggest PC gaming storefront has already generated $16.2 billion in 2025, marking a 5.7% increase over 2024's final total.
After accounting for Valve's revenue cuts and its own games like Counter-Strike, Dota 2, and others, Valve has made over $4 billion from Steam alone this year. With a relatively small workforce of around 350 people, that means the company has earned roughly $11.5 million per employee – and that's without even including non-Steam revenue like hardware sales.
Previously, it was reported that, on a per-employee basis, Valve out-earns giants like Facebook, Apple, Microsoft, Google's owner Alphabet, Amazon, and Netflix, whose earnings range from $780K per employee at Facebook to just around $16K per worker at Amazon.
Assuming Alinea's estimates of $4 billion are accurate or at least close, it would mean that in terms of earnings per employee, Valve makes roughly five times what all the other tech giants combined do – leaving you to wonder exactly who came up with the idea to turn Valve's game app into a full-fledged storefront, and what kind of raise that person must have received.
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