Valve generated $5.2B in revenue and $1.5B in net income in 2025, according to PrivCo estimates. The gaming platform now faces multiple lawsuits in the US and UK alleging its Steam store abuses market power.
The private equity firm's valuation underscores Steam's financial dominance in PC gaming distribution. Lawsuits filed on both sides of the Atlantic challenge Valve's pricing practices and marketplace policies, claiming the company leverages its controlling position to restrict competition and inflate consumer costs.
Valve has disputed these allegations. The company maintains that Steam's market position reflects consumer preference rather than anticompetitive conduct.
The legal challenges arrive as regulators globally intensify scrutiny of large technology platforms. The cases center on whether Valve's control over digital game distribution constitutes monopolistic behavior under antitrust law.
Valve's estimated profitability—a net margin exceeding 28 percent—demonstrates the financial stakes involved. The outcome of these proceedings could reshape how digital marketplaces operate and affect Valve's ability to maintain current business practices.
Sony announced God of War Laufey during its State of Play showcase, marking the next entry in the franchise. The game shifts focus from Kratos to protagonist Faye/Laufey.
Supermassive Games' Until Dawn 2 is coming to PS5 in 2027, swapping the original's mountain cabin for a jungle setting with visual inspirations from horror film Cabin in the Woods.
Sony holds its June State of Play showcase on June 2nd at 5PM ET, ahead of Summer Game Fest. The event comes as PlayStation faces mounting pressure from rising PS5 prices and underperforming live-service initiatives.