Valve Corporation and Steam Valuation in 2025: How Big Is PC Gaming’s Quiet Giant?
Valve, the company behind Steam, is privately held and employs about 330–360 people in 2025. New court documents and financial leaks indicate Steam generated $10.8 billion in game sales in 2024, up 24% from the previous year. Valve’s implied valuation now sits in the tens of billions of dollars. Founder Gabe Newell is estimated to own half the company, with a net worth of $10–11 billion.