Does Valve even make games anymore? The only thing of note they've done since like 2020 is put a fresh coat of paint on CounterStrike. Which still counts of course but it feels like they are REALLY coasting on the reputation of games that came out 20+ years ago.
Valve's working on Deadlock, an FPS / MOBA. It's very polished, but in early access right now. Based on what I've seen when I tried playing it, and just what I hear in the gaming sphere, it'll probably be a decade-defining multiplayer game once it's done, like TF2 or CSGO both are.
They definitely coast, but when they do release something, it's always phenomenal. I do wish they'd make more games, though.