# BAKERU

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

- Steam appid: 2969380
- Developer: Good-Feel Co., Ltd.
- Publisher: Spike Chunsoft Co., Ltd.
- Released: 2024 · Genre: Action · List price: $39.99
- Deal grade: C (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $1.1k to $1.6k per month (mid $1.4k)
- Opportunity score: $1.4k/month at x1.00 dormancy multiplier
- Est. lifetime owners: 12.1k · Est. lifetime net revenue: $141.0k
- Review sentiment: 95% positive across 402 reviews (377 from Steam purchases)
- Review velocity: 4.7 reviews/month (6-month average)

## Why it's flagged

- Developer active, last post 10 months ago
- Last build shipped 10 months ago
- Store page localized in only 4 language(s)
- Last discounted 1 months ago, 8 sales in the last 12 months

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $2.5k |
| After VAT / sales tax (-13% blended) | $2.2k |
| After refunds (-9.5% median) | $1.9k |
| Net to developer (after Steam 30%) | $1.4k |

## Monthly review counts, oldest to newest (23 months)

110, 14, 11, 35, 41, 23, 10, 9, 13, 9, 12, 15, 25, 3, 7, 10, 8, 1, 5, 5, 5, 9, 3

## Missed seasonal-sale revenue (modeled)

Skipped 3 Steam seasonal sale window(s) in the last 23 months. Running a -50% discount in those windows is modeled at +$3.8k 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

- french: 3% (game NOT localized in this language)
- german: 1% (game NOT localized in this language)
- koreana: 0% (game NOT localized in this language)
- english: 79%
- russian: 1% (game NOT localized in this language)
- spanish: 3% (game NOT localized in this language)
- japanese: 9%
- schinese: 1%
- brazilian: 3% (game NOT localized in this language)

Localization gap: 10% of measured reviews are written in languages the game does not support (top: spanish). 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/2969380
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.