How much revenue did Cold Waters make?

$1.8M–$4.8M after Steam's roughly 30% cut, derived from the copies estimate and its price.

How many copies did Cold Waters sell?

Q: How many copies did Cold Waters sell?

163k to 265k copies, based on its 5k Steam reviews. This is a labeled estimate from the review count, not exact sales.

Estimated copies sold: ≈ 163k–265k; $1.8M–$4.8M after Steam's cut $3.3M–$7.4M before the cut; from 5k reviews (Very Positive)

A labeled estimate from the public review count (adjusted for release year), not exact sales. Owner data cross-checked with SteamSpy.

Does this actually work?

We left Cold Waters out and predicted the genre from its 8 similar games. Every figure here, including Cold Waters's, is estimated from Steam reviews, not self-reported sales.

Copies, estimated from reviews

typical (middle half) 178k–239k

best case 7.1M (World of Warships)

Games like Cold Waters

The middle of these games

≈ 178k–239k copies

≈ $1.2M–$4.0M after Steam's cut

from ~4k reviews

Only the top fifth of 2019’s Steam releases earned about $34k gross, so plan for that or less.

All 8 of your similar games are hits.

Best case: World of Warships at ≈ 5.4M–8.7M copies. A breakout hit, far above a typical game.

What it took to get here

About half the games that made it here had over 3k reviews in their first month; the spread ran 625 to 20k.

The genre you'd be entering

Your set: Your set clusters on Naval (7 of 8) and Naval Combat (6 of 8).
The winners: Winners here lead with Naval Combat + Co-op. The breakout hits carry Free to Play + Tactical + Online Co-Op; a typical game here doesn't.
The era: The games you compared span 2008 to 2024, and 2 of your 8 shipped in the last two years.

How these numbers were worked out

A hit here: 1,000+ reviews, roughly $150k+ before Steam's cut (a standard indie benchmark).

Copies come from each game's reviews times a sales-per-review rate that falls with release age, from about 31 for the most recent game here to about 79 for the oldest, then widened into a range; revenue rides on that estimate times price. Source: GameDiscoverCo (2020) and VG Insights (2021).

Similar games

Game	Est. copies	Est. revenue	Price	Reviews	Tags
Battlestations Pacific 2009	Est. copies ≈ 164k–267k SteamSpy 200k–500k	Est. revenue Free	Free	3k reviews Mostly Positive	World War IIStrategy
World of Warships 2017	Est. copies ≈ 5.4M–8.7M 35x vs typical SteamSpy 20M–50M	Est. revenue Free	Free	156k reviews Mostly Positive	Free to PlayNaval Combat
Wolfpack 2019	Est. copies ≈ 60k–98k SteamSpy 50k–100k	Est. revenue $579k–$1.6M after Steam's cut $1.1M–$2.4M before the cut	$34.99	2k reviews Very Positive	SimulationNaval Combat
NEBULOUS: Fleet Command 2022	Est. copies ≈ 110k–178k SteamSpy 200k–500k	Est. revenue $904k–$2.4M after Steam's cut $1.6M–$3.7M before the cut	$29.99	4k reviews Very Positive	StrategySpace
Silent Hunter® III 2008	Est. copies ≈ 166k–270k SteamSpy 200k–500k	Est. revenue $456k–$1.2M after Steam's cut $830k–$1.9M before the cut	$9.99	3k reviews Very Positive	Naval CombatSimulation
Sea Power : Naval Combat in the Missile Age 2024	Est. copies ≈ 162k–263k SteamSpy 50k–100k	Est. revenue $2.2M–$6.0M after Steam's cut $4.1M–$9.2M before the cut	$49.99	7k reviews Very Positive	Naval CombatSimulation
UBOAT 2024	Est. copies ≈ 673k–1.1M 6.1x vs typical SteamSpy 500k–1M	Est. revenue $5.6M–$14.9M after Steam's cut $10.1M–$23.0M before the cut	$29.99	27k reviews Very Positive	SimulationWorld War II
Ultimate Admiral: Dreadnoughts 2023	Est. copies ≈ 198k–321k 1.8x vs typical SteamSpy 200k–500k	Est. revenue $1.9M–$5.1M after Steam's cut $3.5M–$7.9M before the cut	$34.99	8k reviews Mixed	Naval CombatNaval