# South of Midnight

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

- Steam appid: 1934570
- Developer: Compulsion Games
- Released: 2025 · Genre: Action · List price: $39.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $19.7k to $29.6k per month (mid $24.6k)
- Opportunity score: $24.6k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 138.6k · Est. lifetime net revenue: $1.9M
- Review sentiment: 94% positive across 4708 reviews (4330 from Steam purchases)
- Review velocity: 73.5 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 4 months ago
- Studio active elsewhere (3 titles tracked), so this one may welcome a partner
- Last build shipped 14 months ago
- Last discounted 2 months ago, 5 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $44.7k |
| After VAT / sales tax (-13% blended) | $38.9k |
| After refunds (-9.5% median) | $35.2k |
| Net to developer (after Steam 30%) | $24.6k |

## Monthly review counts, oldest to newest (16 months)

1790, 553, 308, 283, 117, 97, 156, 260, 167, 196, 96, 63, 85, 51, 95, 51

## Missed seasonal-sale revenue (modeled)

Skipped 2 Steam seasonal sale window(s) in the last 16 months. Running a -50% discount in those windows is modeled at +$19.1k 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

- english: 84%
- koreana: 0%
- japanese: 0%
- brazilian: 1%
- french: 4%
- german: 5%
- russian: 4%
- spanish: 2%
- schinese: 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/1934570
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.