# Heretical

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

- Steam appid: 2877540
- Developer: Three Swords Studio
- Publisher: Ultimate Games S.A.
- Released: 2024 · Genre: Action · List price: $14.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $2.0k to $2.9k per month (mid $2.4k)
- Opportunity score: $2.4k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 29.2k · Est. lifetime net revenue: $128.0k
- Review sentiment: 85% positive across 1016 reviews (913 from Steam purchases)
- Review velocity: 22.3 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 3 months ago
- Last build shipped 3 months ago
- Last discounted 0 months ago, 10 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $4.4k |
| After VAT / sales tax (-13% blended) | $3.9k |
| After refunds (-9.5% median) | $3.5k |
| Net to developer (after Steam 30%) | $2.4k |

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

76, 105, 39, 36, 42, 36, 44, 14, 56, 114, 40, 17, 66, 21, 20, 49, 70, 18, 16, 12, 8, 10

## Missed seasonal-sale revenue (modeled)

Skipped 4 Steam seasonal sale window(s) in the last 22 months. Running a -50% discount in those windows is modeled at +$12.5k 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

- english: 61%
- spanish: 2%
- schinese: 16%
- french: 2%
- german: 5%
- koreana: 4%
- russian: 9%
- japanese: 0%
- brazilian: 1%

## 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/2877540
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.