# 江湖十一

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

- Steam appid: 1816570
- Developer: 万象皆春
- Released: 2023 · Genre: Indie · List price: $17.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $269 to $404 per month (mid $336)
- Opportunity score: $505/month at x1.50 dormancy multiplier
- Est. lifetime owners: 172.3k · Est. lifetime net revenue: $772.8k
- Review sentiment: 42% positive across 5612 reviews (5384 from Steam purchases)
- Review velocity: 3.0 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 8 months ago
- Last build shipped 3.6 years ago
- Store page localized in only 1 language(s)

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $611 |
| After VAT / sales tax (-13% blended) | $531 |
| After refunds (-9.5% median) | $481 |
| Net to developer (after Steam 30%) | $336 |

## Monthly review counts, oldest to newest (24 months)

23, 15, 15, 17, 12, 6, 12, 8, 6, 17, 6, 19, 105, 28, 1, 10, 7, 2, 6, 5, 3, 1, 2, 1

## Missed seasonal-sale revenue (modeled)

Skipped 12 Steam seasonal sale window(s) in the last 24 months. Running a -50% discount in those windows is modeled at +$5.3k net in total, assuming a unit uplift of x3.0 (industry-typical for old catalog titles). Same ±30-50% error range applies.

## Estimated acquisition range

$8.1k to $16.1k (2-4x the trailing net annuity of $4.0k/year). Same error range applies.

## Markets by review language

- english: 1% (game NOT localized in this language)
- koreana: 0% (game NOT localized in this language)
- spanish: 0% (game NOT localized in this language)
- japanese: 0% (game NOT localized in this language)
- schinese: 99%

## 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/1816570
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.