Steam hits $11.1B revenue in first half of 2026

Valve's Steam generated $11.1 billion in revenue during the first half of 2026, a 14.5% increase over the same period in 2025 and 8% higher than the holiday-heavy second half of 2025. Alinea Analytics attributes growth to a surge in Chinese players, higher prices, viral co-op hits, and third-party publishers returning to Steam after abandoning their own launchers.