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Analyzing an indie F2P success on Steam

GameDiscoverCo looks at how Slapshot: Rebound went top shelf with customization microtransactions and in-game ads

The GameDiscoverCo game discovery newsletter is written by 'how people find your game' expert and GameDiscoverCo founder Simon Carless, and is a regular look at how people discover and buy video games in the 2020s.

Slapshot: Rebound - The data behind the success?

There's been very little detailed data exposed by devs of Steam free-to-play games. But there are definitely good opportunities here, even for indies.

So, back in March, GameDiscoverCo did a deep-dive into Steam (and mobile) F2P battle royale King Of Crabs. And now we're back again, looking at rather popular multiplayer ice hockey game Slapshot: Rebound, thanks to Oddshot Games founder Gilles/Erveon.

Cover image for YouTube video

Slapshot: Rebound is an oddity, since it's a F2P sports game with realistic-ish physics and deep gameplay tactics, but sporting a relatively cute look for the characters (as can be seen in the above YouTube video!)

And it's struck a chord with players, as can be seen from the game's Steam numbers below. Sorry, no exact revenue here, but we can see reach, with over 650,000 'free licenses' since December 2020:

We asked Gilles what made him decide to go in this particular direction, and he explained: "I inherited the hockey theme when I took over development of the first Slapshot game from a hobbyist developer. People were looking for a hockey game on PC and the popularity of the first Slapshot - which was more or less a prototype - proved a product market fit that I was happy to explore further."

We can also see the daily Steam free downloads for Slapshot: Rebound below, which is how it got to nearly 600,000 total downloads:

There's obviously a launch spike, but all of the other spikes in the download graph are from influencers somewhat 'randomly' picking up the game.

This makes sense, since this isn't a title with large themed updates, but a continuing eSport that can be discovered at any time. (The download slump in June is the Steam Summer Sale, when F2P games get de-emphasized in Steam's UI, and seems to happen to all F2P games.)

The largest spike, in late August 2021, was thanked publicly on the Slapshot Twitter account and revealed to be Polish-language influencers Xayoo Industries. Their play sessions peaked at around 64,000 simultaneous Twitch viewers (!) and significantly boosted Polish players of the game.

Relatedly, you can see the effect on Slapshot's CCUs and daily active users here, maxing out at around 15,000 daily actives after the bump:

We also asked Gilles about the most surprising good and bad things about Slapshot's success so far. He explained:

"The most surprising thing has been the size of the community. It exceeded expectations at launch and has remained stable almost a year after launch. It has definitely required a lot of work to get to that point -- but we're genuinely happy to have created a big enough community to sustain the game and ourselves."

The game spent $0 on paid marketing during launch, incidentally, and has still thrived despite that.

But on the bad side? It's a large competitive-focused multiplayer community "...where a small but loud subset of the player tries to ruin the experience for fellow players and harass our development team. We've spent a lot more time than anticipated working on tools and community systems to help counter this toxicity. I'm extremely grateful for the people who help keep Slapshot as safe of a space as possible with us."

How does Slapshot monetize on Steam?

While Oddshot isn't revealing exact monetization numbers here, they say that around 50% of the total monetization of the game is via Steam DLC or Steam Wallet purchases.

The IAP (in-app purchases) are all in-game Steam Wallet cosmetics in the form of outfits and accoutrements for your ice hockey players. And there's also a 'Lifetime' Premium DLC for $15 which includes premium excusive cosmetics, and a boost to earning experience and in-game currency.

Cosmetic purchases range from $5 to $50 for in-game currency, with $50 being the most in-game currency for your money. Gilles says that cosmetics make up the majority of their Steam revenue: "The ones that perform the best are usually seasonal items. For example, the Santa hat is still the best-selling cosmetic, despite having only been in the shop once."

He also notes: "We are evaluating more forms of monetization, including season passes, but are in the early stages on this." As an indie, the idea of trying this more complex kind of monetization may be potentially stressful -- and F2P multiplayer games with IAP do need to do very well to be financially worthwhile. But it can really work out.

A surprising PC game revenue source: Display ads!

Oh, and that other 50% of the total current monetization for Slapshot: Rebound? Surprisingly, it's in-game ads! Oddshot works with a bunch of sponsors to do seamless in-game advertising on the boards of the hockey rink.

As Gilles notes: "In sports arenas, people are already used to seeing advertisements as a part of the aesthetic. For the first iteration of Slapshot, we had joke graphics on the boards. It didn't take long before community members expressed interest in putting up their own images to advertise their Slapshot teams or livestreams for a small fee. When working on Slapshot: Rebound we wanted to explore this further; automating the system and getting actual brands on there."

One thing that helps Oddshot quite a bit with leverage on ad deals is the split of the countries playing the game. Unlike King Of Crabs, which had a lot of players from Russia, China, Thailand and Vietnam (nothing wrong with that if you can monetize, btw!), this split is very Western/higher-GDP centric:

Gilles continues: "After some research, we discovered that there are several companies out there that already serve as a broker between brands and games to [automate sales]. Through this, we've had some amazing brands advertise in Slapshot: Rebound including Lexus, Pizza Hut, Energizer and Microsoft."

Bonus: The esports opportunity?

Finally, while we're a bit fed up with eSports being roundly over-hyped, it's clear that Slapshot: Rebound is very esports-compatible. It's an engaging digital version of an existing competitive sport that many people love, even as a smaller indie game.

So, first steps in this direction -- before publication of this piece, Oddshot announced a campaign with Microsoft and Intel, committing to the competitive scene in Slapshot: Rebound by pledging $5,000 or more to its community organized initiatives.

Gilles notes: "There haven't been any cash prizes for Slapshot events before, so this could cause a big shift. That, in combination with the new in-game 'esports hub' feature we launched, has seen viewership triple on livestreams."

And with Oddshot starting the process of organizing tournaments with multiple major esports leagues, the pledge will fund cash prizes, production value boosts, and other ways to help the scene.

In other words, it's good marketing for the game and also great engagement for the community.

GameDiscoverCo is an agency based around one simple issue: how do players find, buy and enjoy your premium PC or console game? You can subscribe to GameDiscoverCo Plus to get access to weekly game analysis and detailed charts, plus the newsletter, an info-filled Discord, a data-exportable Steam Hype back-end, two high-quality eBooks, and lots more.