How much revenue did Under The Waves make?

$444k–$1.2M after Steam's roughly 30% cut, derived from the copies estimate and its price.

How many copies did Under The Waves sell?

Q: How many copies did Under The Waves sell?

54k to 88k copies, based on its 2k Steam reviews. This is a labeled estimate from the review count, not exact sales.

Estimated copies sold: ≈ 54k–88k; $444k–$1.2M after Steam's cut $808k–$1.8M before Steam's cut; from 2k reviews (Mostly Positive)

Copies are estimated from the public review count, adjusted for release year, and cross-checked against SteamSpy's own estimate.

Did the prediction match what actually happened?

We hid Under The Waves and predicted how it would do from its 8 similar games. Every figure here, including Under The Waves's, is estimated from Steam reviews.

Copies, estimated from reviews

typical (middle half) 45k–473k

best case 3.5M (Subnautica: Below Zero)

Games like Under The Waves

A typical game among these

≈ 45k–473k copies

≈ $248k–$3.3M after Steam's cut

from ~2k reviews

Only the top fifth of 2019's Steam releases earned $34k or more before Steam's cut, so plan for that or less.

7 of the 8 similar games are hits.

Best case: Subnautica: Below Zero at ≈ 2.7M–4.4M copies, ≈ $22.2M–$59.7M after Steam's cut.

What their first month looked like

About half the games that made it here had over 239 reviews in their first month; the range was 30 to 45k.

The genre you'd be entering

These games: The similar games share Underwater (7 of 8) and Exploration (6 of 8).
The winners: Winners here lead with Open World Survival Craft + Survival, priced around $30.
When they shipped: The similar games span 2008 to 2024, and 1 of the 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
Aquaria 2008	Est. copies ≈ 97k–158k SteamSpy 200k–500k	Est. revenue $267k–$717k after Steam's cut $485k–$1.1M before Steam's cut	$9.99	2k reviews Very Positive	MetroidvaniaIndie
Beyond Blue 2020	Est. copies ≈ 38k–61k SteamSpy 200k–500k	Est. revenue $207k–$558k after Steam's cut $377k–$858k before Steam's cut	$19.99	2k reviews Very Positive	UnderwaterAdventure
PROXIMATE 2024	Est. copies ≈ 25k–41k SteamSpy under 20k	Est. revenue $41k–$111k after Steam's cut $75k–$170k before Steam's cut	$5.99	1k reviews Very Positive	HorrorAtmospheric
The Shore 2021	Est. copies ≈ 50k–81k SteamSpy 100k–200k	Est. revenue $163k–$439k after Steam's cut $297k–$676k before Steam's cut	$11.99	2k reviews Mostly Positive	LovecraftianHorror
Subnautica: Below Zero 2021	Est. copies ≈ 2.7M–4.4M 61x vs typical SteamSpy 2M–5M	Est. revenue $22.2M–$59.7M after Steam's cut $40.4M–$91.8M before Steam's cut	$29.99	109k reviews Very Positive	Open World Survival CraftSurvival
Koral 2019	Est. copies ≈ 12k–19k SteamSpy under 20k	Est. revenue $47k–$128k after Steam's cut $86k–$196k before Steam's cut	$14.99	400 reviews Very Positive	UnderwaterCasual
ABZU 2016	Est. copies ≈ 1.2M–1.9M 16x vs typical SteamSpy 500k–1M	Est. revenue $6.3M–$17.0M after Steam's cut $11.5M–$26.2M before Steam's cut	$19.99	28k reviews Very Positive	RelaxingAtmospheric
In Other Waters 2020	Est. copies ≈ 64k–104k SteamSpy 100k–200k	Est. revenue $263k–$708k after Steam's cut $479k–$1.1M before Steam's cut	$14.99	3k reviews Very Positive	IndieAdventure