Those are maintenance + loot box on existing games. Sure, it still takes art and craft, but not the same kind of development work.
replyValve is still working on new things. See this section, specifically the bottom.
replyhttps://box2d.org/posts/2026/06/announcing-box3d/#valve-to-t...
So not games.
replyTry reading between the lines. Why would Valve be developing a new game physics engine internally?
replyCounter Strike 2 is a 14 year old game. DOTA2 is a 13 year old game.
replyYes I know Valve makes money selling games. They don't make games.
Both of those games are live services games. They're not just getting some occasional bug fixes, they get big content updates.
replyWhile it can be disregarded just as major update CS2 is formally 2023.
replyDota is live service game, getting major patches each year. Patch notes for version released 3 months ago: https://liquipedia.net/dota2/Version_7.41 I don't think there's any reason for Dota 3, ever. Any change could be just a patch.