I've been doing game development as a hobbyist for decades and have never published a game, though I've loads of partially complete projects on old drives which have only been seen only in private circles. I suppose I helped with one released project, which sort-of counts.
But I'm not sad at all about it. A few years ago I produced a software tool with the intention of making money. Got a few clients and the project turned into hard work and quickly ceased to be fun at all. I eventually stopped supporting it to win my freedom back.
As a hobbyist I can afford to spend 6 months coming up with a unique procedural planet algorithm, but if I'm producing a product to sell to the masses it's all about producing content quickly and keeping costs down. I create my games as a hobby so it can be less like work and more like art.