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https://hackernoon.com/barely-surviving-as-a-game-developer-while-steam-gets-its-cut-7028x34z8
https://youtu.be/mHdrosltGJA
But sure, act like they don't make games anymore...
Oh no, Valve does what Ubisoft, EA, Sony, Microsoft and Nintendo do... They're so evil....
Valve has slowed down their game production rate to a ridiculous amount, half life alyx is really the only notable release in years. Valve used to make games a lot more frequently
Just being a platform and community, nicks them more income than anything else.
But well.. they do try other stuff now and then.. with their Valve Index (VR) and soon Steamdeck (portable)