Capcom's financials show that embracing Steam has paid off handsomely: It now accounts for a third of all the publisher's revenue

Capcom's Osaka HQ.

Capcom has released its financial report covering April 2024 to March 2025, and the big takeaway is that Steam is now the publisher's single largest revenue driver. Sales on Steam over the period totalled 52.723 billion yen ($363 million), an increase of 61.1% over the previous fiscal year, which makes Valve's platform responsible for 31.3% of the company's total sales (versus 21.5% in the previous fiscal year).

Things get even more handsome when just looking at Capcom's digital content business, which excludes stuff like arcades, with Steam accounting for 42.1% of total sales (thanks Gamebiz.jp). In comparison, sales of software on PlayStation now account for less than 10% of the total, with Capcom omitting the exact % due to it being below that threshold.