Tuesday, February 15, 2011

Valve Says Its More Profitable Per Employee Than Apple and Google

Valve founder Gabe Newell says his company is more profitable per employee than Apple or Google, according to a Forbes report.

Valve announced last October that it was on track for its biggest year ever, with 200% year-over-year growth. Newell says that, per employee, Valve is more profitable than Google and Apple. A potential buyer was rumored to have made an acquisition offer a few years back for the Steam piece only, but Newell supposedly refused to split the online storefront from Valve's game-publishing arm. (Valve denies being made an actual offer, only confirming that it received interest in both Steam and Valve in the past.)

Valve employes 250 people and according to Ed Barton, a games analyst at IHS Screen Digest, their revenue in 2010 was in the "high hundreds of millions of dollars."

Steam, Valve's gaming platform, was recently released for Mac OS X.

*thanks iclarified*

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