Steam’s top 10 games captured over 60% of revenue in 2023

Steam had a record breaking 2023, but Valve’s PC games storefront is increasingly becoming a “winner take all” marketplace according to Video Game Insights. The firm’s latest report shows that full game revenues grew 18% to $9 billion in 2023, doubling 2019’s total. Games released in 2023 accounted for $3 billion or a third of full games revenue last year.

However, the top 10 new releases captured about $1.85 billion of all full game revenues. These 10 titles account for 20% of all full game revenue on Steam in 2023 and 61% of all full game revenues from new releases. This proportion has grown 50% from 2019 where the top 10 new games captured 41% of new full game revenues.