First released in 2003 by Valve Corporation, Steam is one of the leading PC gaming platform for gamers across the world. Through releasing its first-party games and other offerings from third-party developers and publishers, it is estimated that Steam generated more than 10 billion U.S. dollars in revenues in 2021 when the PC gaming segment saw a boom during COVID-19. In 2023, this trend has normalized and Steam's annual gaming revenue (including platform sales and in-game microtransactions) amounted to 8.56 billion U.S. dollars.
Steam still going strong
Despite fierce competition from console rivals and the decline of game revenue, Steam still manages to hold on to a loyal legion of fans. In 2023, Steam reported 33 million peak concurrent players on its platform, up from 27.4 million peak concurrent players in 2021.
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Statista. (October 27, 2023). Revenue generated by game sales on Steam from 2020 to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/547025/steam-game-sales-revenue/
Statista. "Revenue generated by game sales on Steam from 2020 to 2028 (in million U.S. dollars)." Chart. October 27, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/547025/steam-game-sales-revenue/
Statista. (2023). Revenue generated by game sales on Steam from 2020 to 2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/547025/steam-game-sales-revenue/
Statista. "Revenue Generated by Game Sales on Steam from 2020 to 2028 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Oct 2023, https://www.statista.com/statistics/547025/steam-game-sales-revenue/
Statista, Revenue generated by game sales on Steam from 2020 to 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/547025/steam-game-sales-revenue/ (last visited December 21, 2024)
Revenue generated by game sales on Steam from 2020 to 2028 (in million U.S. dollars) [Graph], Statista, October 27, 2023. [Online]. Available: https://www.statista.com/statistics/547025/steam-game-sales-revenue/