# Mirthwood

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

- Steam appid: 2272900
- Developer: Bad Ridge Games
- Publisher: V Publishing
- Released: 2024 · Genre: RPG · List price: $24.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $1.6k to $2.4k per month (mid $2.0k)
- Opportunity score: $2.0k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 71.3k · Est. lifetime net revenue: $520.6k
- Review sentiment: 70% positive across 2364 reviews (2227 from Steam purchases)
- Review velocity: 11.0 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 1 months ago
- Last build shipped 1 months ago
- Last discounted 1 months ago, 8 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $3.6k |
| After VAT / sales tax (-13% blended) | $3.2k |
| After refunds (-9.5% median) | $2.9k |
| Net to developer (after Steam 30%) | $2.0k |

## Monthly review counts, oldest to newest (21 months)

1569, 120, 91, 26, 54, 34, 19, 38, 78, 19, 25, 45, 53, 53, 13, 17, 8, 9, 9, 9, 14

## Missed seasonal-sale revenue (modeled)

Skipped 4 Steam seasonal sale window(s) in the last 21 months. Running a -50% discount in those windows is modeled at +$163.7k 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

- koreana: 1% (game NOT localized in this language)
- russian: 5%
- schinese: 10%
- brazilian: 3%
- french: 3%
- german: 6%
- english: 65%
- spanish: 4%
- japanese: 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/2272900
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.