… But you’re right that it is often considered the cause of many of their problems: Valve’s unusual corporate structure causes its problems, report suggests

If you look at the list of games developed by Valve it kinda becomes apparent that the only reason Valve is still around (or operates in such a free-flow manner) is because Steam is so profitable. Their release of notable titles is spotty, at best:

• CS 2, 2023
• HL:Alyx, 2020
• DOTA: Underlords 2020
• Artifact (RIP) 2018
• DOTA 2 2013