Newell: Valve business grew 50% in 2012

Newell: Valve business grew 50% in 2012

By Erik Johnson

March 18th 2013 at 10:16AM

User-generated content has helped spur on 'an insatiable demand for gaming'

Valve’s tight grip on the PC market is paying off, as the company saw business grow by around 50 per cent last year.

Gabe Newell revealed the info during an interview at the BAFTA awards last week, where he was honoured with the Academy Fellowship.

Newell mentioned that a recent Dota 2 update accounted for a rather unreal two per cent of all land and mobile internet activity when it released. The game recently overtook Skyrim’s record for most concurrent players on Steam, reaching just under 300k.

Newell added that the growth was due in no small part to community-created content in games such as Dota 2 and Team Fortress 2, which he says has helped create "an insatiable demand for gaming right now."

This story was originally published on MCV.