# 28 Babes Later

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

- Steam appid: 2691700
- Developer: Lemonhaze Studio
- Released: 2023 · Genre: Action · List price: $14.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $623 to $934 per month (mid $779)
- Opportunity score: $1.5k/month at x1.90 dormancy multiplier
- Est. lifetime owners: 1.3k · Est. lifetime net revenue: $5.0k
- Review sentiment: 67% positive across 43 reviews (42 from Steam purchases)
- Review velocity: 8.3 reviews/month (6-month average)

## Why it's flagged

- Developer silent for 2.3 years
- Studio active elsewhere (2 titles tracked), so this one may welcome a partner
- Last build shipped 27 months ago

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $1.4k |
| After VAT / sales tax (-13% blended) | $1.2k |
| After refunds (-9.5% median) | $1.1k |
| Net to developer (after Steam 30%) | $779 |

## Monthly review counts, oldest to newest (6 months)

24, 4, 13, 6, 1, 2

## Estimated acquisition range

$18.7k to $37.4k (2-4x the trailing net annuity of $9.3k/year). Same error range applies.

## Markets by review language

- french: 2%
- english: 71%
- koreana: 7%
- russian: 7%
- japanese: 5%
- schinese: 7% (game NOT localized in this language)

## 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/2691700
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.