# Spirit of the North 2

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 1778840
- Developer: Infuse Studio
- Publisher: Silver Lining Interactive
- Released: 2025 · Genre: Adventure · List price: $29.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $5.7k to $8.5k per month (mid $7.1k)
- Opportunity score: $7.1k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 29.2k · Est. lifetime net revenue: $293.8k
- Review sentiment: 86% positive across 1126 reviews (913 from Steam purchases)
- Review velocity: 28.2 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 0 months ago
- Studio active elsewhere (2 titles tracked), so this one may welcome a partner
- Last build shipped 1 months ago
- Last discounted 0 months ago, 9 sales in the last 12 months

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $12.9k |
| After VAT / sales tax (-13% blended) | $11.2k |
| After refunds (-9.5% median) | $10.1k |
| Net to developer (after Steam 30%) | $7.1k |

## Monthly review counts, oldest to newest (15 months)

267, 54, 64, 57, 36, 32, 150, 39, 51, 20, 28, 36, 30, 23, 32

## Missed seasonal-sale revenue (modeled)

Skipped 1 Steam seasonal sale window(s) in the last 15 months. Running a -50% discount in those windows is modeled at +$6.8k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Markets by review language

- schinese: 3% (game NOT localized in this language)
- brazilian: 1%
- german: 6%
- english: 59%
- koreana: 1%
- russian: 23%
- french: 4%
- spanish: 2%
- japanese: 1%

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/1778840
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.