There's absolutely no way this is true.

Just checked and it's close. Steam is estimated to have made 7 billion in revenue in 2021 and Fortnite alone made 6 billion in revenue in 2021.

I don't know how this could remotely be estimated given both the steam store and marketplace, the various contract tiers based on prior agreements, grandfathered contracts, etc.

It's estimated by SteamSpy and such: https://www.vg247.com/steam-4-3-bilion-revenue-2017

Of Valve's 8~ billion revenue they gross only 15-30% of that while Epic has far higher margins on their ~6 billion revenue.

It's estimated due to the fact that vast majority of that 7 billion dollar revenue comes from just a small handful of games. Looking over VG Insights, almost half of all video game revenue comes from just 50 games (out of approximately 10,000 games released on Steam per year).

Estimated based on whose ass?

Oh it is. Either Valve is severely undervaluing their company at less than 10 billion dollars while Epic is worth 20-30 billion... or it's true.

and while steam was the only app store for pc that mattered for 15 years there’s more players in that space. valves only future in game distribution is to lose market share to epic store, microsoft store, battlenet, origin, gog, etc

> taking a 30% cut of all sales

So four games like Fortnite make more. There are a lot of games on Steam.