# Specters of the Deep

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

- Steam appid: 3549250
- Developer: Choice of Games
- Released: 2025 · Genre: Indie · List price: $11.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $174 to $261 per month (mid $218)
- Opportunity score: $348/month at x1.60 dormancy multiplier
- Est. lifetime owners: 1.1k · Est. lifetime net revenue: $4.2k
- Review sentiment: 89% positive across 35 reviews (33 from Steam purchases)
- Review velocity: 2.2 reviews/month (6-month average)

## Why it's flagged

- No developer announcement on record, ever
- Studio active elsewhere (8 titles tracked), so this one may welcome a partner
- Last build shipped 8 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 | $395 |
| After VAT / sales tax (-13% blended) | $344 |
| After refunds (-9.5% median) | $311 |
| Net to developer (after Steam 30%) | $218 |

## Monthly review counts, oldest to newest (9 months)

11, 4, 5, 1, 4, 1, 2, 2, 3

## Estimated acquisition range

$5.2k to $10.5k (2-4x the trailing net annuity of $2.6k/year). Same error range applies.

## Markets by review language

- english: 91%
- schinese: 6% (game NOT localized in this language)
- french: 3% (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/3549250
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.