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Steam revenue nearly hits $1 billion

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DVDBack23 @ Feb 04, 2011 22:15 | 5 comments

Analyst firm Forecasting and Analyzing Digital Entertainment (FADE), has reported this week that Valve's PC gaming distribution platform Steam is nearing the $1 billion mark in revenue after a strong holiday season 2010.

Estimated revenue for the year was $970 million, with $213 million coming in December alone.

Says Director of Research & Analysis, Benjamin Schlichterv (via GIW):

Steam's growth has been remarkable during the year. Over 180 titles were estimated reaching over $1 million USD in revenue for the year, painting a very healthy market for developers and publishers, with more room for growth in the future.

The top title on Steam was Call of Duty: Black Ops, which sold an estimated 1.6 million copies in just two months, bringing in $98 million revenue.

Here is the rest of the list (title - estimated revenue):

Call of Duty: Black Ops (Activision) - $98.2 Million USD
Call of Duty: Modern Warfare 2 (Activision) - $39.4 Million USD
Left 4 Dead 2 (Valve) - $36.0 Million USD
Battlefield: Bad Company 2 (Electronic Arts) - $25.4 Million USD
Sid Meier's Civilization V (2K Games) - $21.9 Million USD
Portal (Valve) - $20.0 Million USD
Fallout: New Vegas (Bethesda Softworks) - $17.0 Million USD
Metro 2033 (THQ) - $13.4 Million USD
Mafia II (2K Games) - $11.9 Million USD
Warhammer 40,000: Dawn of War II: Chaos Rising (THQ) - $10.8 Million USD

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Comments

Comment by: Gradical (Feb 04, 2011 23:49)

I love steam, since I live in México and many games are not as easy to obtain and are always overpriced, and the thing I like the most is the packages they sell.

Comment by: KillerBug (Feb 05, 2011 05:30)

Steam is the reason that I stopped buying PC games from Valve right after Half Life 2.

Comment by: KSib (Feb 05, 2011 06:25)

I love me some steam. there are games I see on there I normally wouldn't have noticed or bought because of it. I also like having one place for all of my games to patch through. Easy peasy.

Comment by: lamain (Feb 05, 2011 18:05)

When I first saw steam I did not like it at all but over the years it has grown on me. Now if a game is not available on Steam I think twice before buying it. I have even purchased some games twice just so I would have it on Steam. I hope the keep up the good work.

Comment by: Xian (Feb 06, 2011 03:37)

I have quite a few games on Steam, but all were titles that I bought on sale. I won't pay full price for a game on Steam, it's just not worth as much to me since I can't sell it or give it away and always need to run the Steam client to play the game.

My biggest gripe with Steam though is their customer service. It is only through email and it takes a day to get a response. Both times I have contacted them it has taken a day to get the initial response from them, longer to correct the problem.I can't think of any other company that I have dealt with that has a billion dollars in sales that you can't speak to a real person after negotiating their phone menus and being on hold for a while. Steam doesn't even publish a phone number. They need to take some of the profit and invest it in customer service.