# Pine: A Story of Loss

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

- Steam appid: 2058340
- Developer: Made Up Games
- Publisher: Fellow Traveller
- Released: 2024 · Genre: Adventure · List price: $9.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $467 to $701 per month (mid $584)
- Opportunity score: $759/month at x1.30 dormancy multiplier
- Est. lifetime owners: 6.3k · Est. lifetime net revenue: $18.5k
- Review sentiment: 77% positive across 258 reviews (198 from Steam purchases)
- Review velocity: 8.0 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 4 months ago
- Last build shipped 19 months ago
- Last discounted 1 months ago, 10 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $1.1k |
| After VAT / sales tax (-13% blended) | $922 |
| After refunds (-9.5% median) | $835 |
| Net to developer (after Steam 30%) | $584 |

## Monthly review counts, oldest to newest (20 months)

42, 11, 5, 7, 5, 12, 7, 2, 11, 14, 13, 12, 3, 11, 2, 5, 6, 6, 13, 16

## Missed seasonal-sale revenue (modeled)

Skipped 2 Steam seasonal sale window(s) in the last 20 months. Running a -50% discount in those windows is modeled at +$1.9k 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

$14.0k to $28.0k (2-4x the trailing net annuity of $7.0k/year). Same error range applies.

## Markets by review language

- french: 6%
- english: 47%
- koreana: 3%
- japanese: 1%
- schinese: 11%
- brazilian: 7%
- german: 5%
- russian: 17%
- spanish: 3%

## 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/2058340
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.