# Arena of the Titans

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

- Steam appid: 3206090
- Developer: Cow Games
- Released: 2024 · Genre: Adventure · List price: $3.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $1.2k to $1.9k per month (mid $1.6k)
- Opportunity score: $3.0k/month at x1.90 dormancy multiplier
- Est. lifetime owners: 2.9k · Est. lifetime net revenue: $3.4k
- Review sentiment: 84% positive across 95 reviews (92 from Steam purchases)
- Review velocity: 53.5 reviews/month (6-month average)

## Why it's flagged

- No developer announcement on record, ever
- Studio active elsewhere (4 titles tracked), so this one may welcome a partner
- Last build shipped 24 months ago
- Store page localized in only 1 language(s)

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

| Stage | USD/month |
|---|---|
| Gross storefront sales | $2.8k |
| After VAT / sales tax (-13% blended) | $2.5k |
| After refunds (-9.5% median) | $2.2k |
| Net to developer (after Steam 30%) | $1.6k |

## Monthly review counts, oldest to newest (2 months)

74, 33

## Estimated acquisition range

$37.4k to $74.9k (2-4x the trailing net annuity of $18.7k/year). Same error range applies.

## Markets by review language

- english: 40%
- russian: 60% (game NOT localized in this language)

Localization gap: 60% 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/3206090
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.