# Speakeasy

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

- Steam appid: 2423070
- Developer: Open Late Games
- Released: 2024 · Genre: Indie · List price: $19.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $273 to $409 per month (mid $341)
- Opportunity score: $562/month at x1.65 dormancy multiplier
- Est. lifetime owners: 2.2k · Est. lifetime net revenue: $12.9k
- Review sentiment: 86% positive across 83 reviews (69 from Steam purchases)
- Review velocity: 2.3 reviews/month (6-month average)

## Why it's flagged

- Developer silent for 19 months
- Studio quiet across its whole catalog
- Last build shipped 19 months ago
- Store page localized in only 1 language(s)

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $619 |
| After VAT / sales tax (-13% blended) | $538 |
| After refunds (-9.5% median) | $487 |
| Net to developer (after Steam 30%) | $341 |

## Monthly review counts, oldest to newest (22 months)

11, 7, 3, 3, 2, 4, 2, 2, 2, 2, 4, 3, 2, 1, 2, 2, 2, 3, 2, 2, 1, 4

## Estimated acquisition range

$8.2k to $16.4k (2-4x the trailing net annuity of $4.1k/year). Same error range applies.

## Markets by review language

- french: 2% (game NOT localized in this language)
- english: 85%
- koreana: 3% (game NOT localized in this language)
- russian: 2% (game NOT localized in this language)
- spanish: 2% (game NOT localized in this language)
- schinese: 6% (game NOT localized in this language)
- brazilian: 2% (game NOT localized in this language)

Localization gap: 15% of measured reviews are written in languages the game does not support (top: schinese). Localizing is likely immediate market expansion.

## 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/2423070
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.