# Teenage Mutant Ninja Turtles: Mutants Unleashed

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

- Steam appid: 2460130
- Developer: AHEARTFULOFGAMES
- Publisher: Outright Games Ltd.
- Released: 2024 · Genre: Action · List price: $39.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $507 to $760 per month (mid $633)
- Opportunity score: $1.0k/month at x1.65 dormancy multiplier
- Est. lifetime owners: 3.6k · Est. lifetime net revenue: $41.5k
- Review sentiment: 54% positive across 141 reviews (111 from Steam purchases)
- Review velocity: 2.2 reviews/month (6-month average)

## Why it's flagged

- Developer silent for 17 months
- Studio quiet across its whole catalog
- Last build shipped 20 months ago

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $1.1k |
| After VAT / sales tax (-13% blended) | $1.0k |
| After refunds (-9.5% median) | $905 |
| Net to developer (after Steam 30%) | $633 |

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

47, 7, 5, 4, 7, 2, 5, 3, 1, 3, 5, 2, 4, 3, 3, 5, 0, 2, 4, 1, 1

## Estimated acquisition range

$15.2k to $30.4k (2-4x the trailing net annuity of $7.6k/year). Same error range applies.

## Markets by review language

- english: 55%
- russian: 19% (game NOT localized in this language)
- schinese: 3% (game NOT localized in this language)
- brazilian: 10%
- french: 2%
- german: 5%
- koreana: 1% (game NOT localized in this language)
- spanish: 5%
- japanese: 1% (game NOT localized in this language)

Localization gap: 24% of measured reviews are written in languages the game does not support (top: russian). 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/2460130
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.