# Falling with Ice Phoenix!

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

- Steam appid: 2685500
- Developer: F Project
- Publisher: Alice Publication
- Released: 2024 · Genre: Action · List price: $9.99
- Deal grade: D (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $146 to $219 per month (mid $183)
- Opportunity score: $183/month at x1.00 dormancy multiplier
- Est. lifetime owners: 9.6k · Est. lifetime net revenue: $28.0k
- Review sentiment: 93% positive across 337 reviews (300 from Steam purchases)
- Review velocity: 2.5 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 6 months ago
- Last build shipped 8 months ago

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $331 |
| After VAT / sales tax (-13% blended) | $288 |
| After refunds (-9.5% median) | $261 |
| Net to developer (after Steam 30%) | $183 |

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

135, 45, 31, 22, 9, 5, 4, 5, 7, 6, 2, 6, 6, 5, 5, 2, 2, 3, 4, 0, 4

## 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/2685500
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.