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Steam's September revenue hits $1.7 billion, sets record pace

Steam had its best September ever, generating $1.7 billion in revenue—a 13% increase over last year, according to Alinea Analytics estimates. That helped push Valve's platform to $16.5 billion for 2026 so far, with a record third quarter at $5.5 billion. Premium launches and free-to-play staples both contributed heavily, even as PC hardware costs remain steep. Valve doesn't release earnings, so these are third-party estimates.

Why it mattersSteam's rapid growth defies surging hardware prices, suggesting demand for PC games is resilient—and possibly growing faster than the platform's visible competition. If trends hold, Valve could hit $20 billion in annual revenue for the first time.

Sources covering this

Tom's HardwareSteam hits record $1.7 billion in September 2026 despite soaring PC hardware costs1:35 PM →TechPowerUpSteam on Track for $20 Billion Year After Record $1.7 Billion September6:38 PM →
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