Does Steam have a headquarters?

Steam, the video game digital distribution service and storefront, is headquartered in Bellevue, Washington, at 10400 NE 4th St, United States, and has 1 office location. The company behind Steam, Valve Corporation, is an American video game developer, publisher, and digital distribution company that has been a major player in the gaming industry since its establishment in 1996.

Introduction to Steam and Valve Corporation

Steam is a video game digital distribution service and storefront developed by Valve Corporation, launched as a software client in September 2003 to provide game updates automatically for Valve’s games, and expanded to distributing third-party titles in late 2005.

FAQs about Steam and Valve Corporation

General Information

1. What company owns Steam?: Steam is owned by Valve Corporation, a company developed by Gabe Newell, and is most well known for the Steam application and its store, which sells games at a reasonable price and includes a chat achievement system similar to that of the Xbox or PS3.
2. Where is Steam valve based?: Valve Corporation is headquartered in Bellevue, Washington.
3. Where is valve corp located?: Valve is an entertainment software and technology company founded in 1996 and based in Bellevue, Washington.

Ownership and Management

4. Who owns Valve Corporation?: The Valve corporation is a company developed by Gabe Newell.
5. Does Elon Musk own Steam?: No, Elon Musk does not own Steam; Valve Corporation remains an independent company.
6. Who is the CEO of Valve?: Gabe Newell is the CEO of Valve Corporation.

Financials

7. How does Valve make money?: Valve makes money through microtransactions in gaming, where players can purchase in-game items with real money, and through the Steam store, which sells video games for download.
8. Is Valve making money?: Yes, Valve generated around USD13 billion in total revenue in 2022, with about USD10 billion of the revenue coming from the Steam store.
9. How much is Steam worth?: Valve was valued at $7.7 billion in May 2022, and Steam can support millions of gamers playing concurrently, with nearly 30,000 games available on it as of October 2023.

Company Culture and Operations

10. Is Valve a good company to work for?: Yes, Valve is considered a good company to work for, with a unique company culture that values employee freedom and autonomy, and it pays insanely well, with bonuses that are usually at least as much as an employee’s salary, if not more.
11. Is Steam privately owned?: Yes, Valve is a privately owned company.
12. Is Steam making a profit?: Yes, Steam generated more than 10 billion U.S. dollars in revenues in 2021.

Games and Services

13. Is Steam a US-based company?: Yes, Valve Corporation, the company behind Steam, is an American video game developer, publisher, and digital distribution company headquartered in Bellevue, Washington.
14. Who is Valve’s biggest money maker?: Steam, the site that sells video games for download, is Valve’s biggest money maker.
15. How many employees does Valve have?: Valve has 360 employees, with the most common age range being 20-30 years, and 49% of employees are between the ages of 20-30 years.