They probably use many outside servicesWe experimented with out-sourcing a few years ago. It was a disaster: the out-sourcing company was 'fair-to-excellent' with standard products and services.
But we're a manufacturing company. The majority of our software is specific to our industry. Suddenly the vendor is dealing with dozens of apps they've never even heard of. And - whoops - some of the guys who dealt with that stuff are laid off.
The rest of us got calls from confused techs in Austin plaintively asking what in the heck was the UmptyFratz service and who can restart it?
Long way of saying that - I imagine - some of what Valve does is industry specific and hard to out-source.