Do I ship it?

GamesSouls-likeSouls-like + Demons

Specimen · observed

Should I ship a Demon Souls-like?

Souls-like + Demons

Of 56 developers who shipped a Demon Souls-like in the last 2 years: 3 in 10 made under est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., the middle one made est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., 1 in 4 cleared est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method., 1 in 20 cleared est. revenue: est. copies × today's US list price; gross, before Steam's cut, taxes and refunds. See method.. 93 more are announced, ×3.1 for every developer who shipped in the last year.

Verdict: poor odds, for a 7 / 10 build.

The middle developer here made $2.2k, ×1.4 the market's $1.5k for a 7 / 10 build, and 3 in 10 made under $540; 1 in 20 cleared $450k, ×301 the market median. Revenue is up 645% on the market; 93 games are announced against 30 developers who shipped in the last year.

Deciding numbers: median 1.4 times the market baseline, revenue up 645% on the market, 93 announced, ×3.1 per developer who shipped in the last year.
Nobody has said they are building this yet.
Souls-like + Demons
Fig. 1 · this niche among 16,100
Plate 1 · outcomes, 2 yr n = 56
Median est. gross by half-year cohort, 2023 H1 to 2026 H2: $719 → $1.0k → $1.1k → $8.6k → $719 → $3.8k → $1.8k (still earning) → $4.2k (still earning)
The last cohort is still earning.
Outcomes for Souls-like + Demons: Plate 1 · outcomes, 2 yr, n = 56
Bottom 30% $538 (exactly $538)
Median $2.2k (exactly $2,158)
Top 25% $18k (exactly $17,988)
Top 5% $451k (exactly $450,570)
Developers, 2 yr 56
Released games 134
Announced 93
Effort 7 / 10
AI-buildability Low
Typical price $7.99

momentum: how a niche's revenue percentiles and developer count moved between two equal, adjacent periods, divided by the market's own move. See method., 12 months: revenue up 645% on the market, supply 10% more developers than the period before.

Free games: 13%, excluded from money figures.

See every window in the explorer →

Plate 2 · systems and tooling

Can AI deliver it?

AI-buildability for this niche is low: the lowest rating among its tags.

Souls-like
effort 7 / 10 · low · effort 7 sits in the low band
Demons
effort 4 / 10 · medium · effort 4 sits in the medium band

How the rubric works →

Plate 3 · the cost side

What it takes

Effort
7 / 10 · big single-player or serious online
Systems
Souls-like; 6 in 10 of the top 25% also carry Action, Adventure, RPG
Price point
$7.99 typical · top 25% priced $24.99 or above
Art
4 in 10 of the top 25% ship with 3D, Third Person, Difficult
Plate 4 · demand

Why players buy here

The top 25% priced at $24.99 or above; the middle game at $7.99.

The top 10 games average 78% positive over 22,584 reviews.

Plate 5 · the loss side

What kills games here

Developer outcomes in the last 2 years by share: 3 in 10 under $540, median $2.2k, 1 in 4 over $17k, 1 in 20 over $450k.

3 in 10 developers made under $540. 9 in 10 of the 28 games released 1 to 2 years ago have fewer than 100 reviews. 93 games are announced against 30 developers who shipped in the last year, ×3.1 per shipper.

Plate 6 · same mechanic, other settings

Adjacent niches

Souls-like with a different setting or mood, ranked by verdict then median.

  1. + Dating SimStrong odds17 devs · median $34k · 8 announced
  2. + Visual NovelFair25 devs · median $27k · 17 announced
  3. + Artificial IntelligenceFair13 devs · median $22k · 17 announced
  4. + JRPGFair31 devs · median $8.6k · 35 announced
  5. + IncrementalFair9 devs · median $3.9k · 10 announced
  6. + PsychologicalFair17 devs · median $1.8k · 17 announced
  7. + Walking SimulatorFair17 devs · median $1.3k · 7 announced
  8. + Precision PlatformerLong shot49 devs · median $776 · 46 announced
  9. + Score AttackLong shot18 devs · median $599 · 21 announced
  10. + WarPoor odds8 devs · median $451k · 22 announced
  11. + Turn-Based TacticsPoor odds12 devs · median $88k · 21 announced
  12. + RomancePoor odds10 devs · median $35k · 16 announced

All 122 pairs on the Souls-like page

Plate 7 · comparable specimens, by est. revenue

Comparable games

Capsule Game Released Price Reviews Est. copies Est. revenue Developer
Mortal Shell II $49.99 18,644 79% 559k $28M (exactly $27,960,407) Cold Symmetry
She Will Punish Them · EA older $15.99 17,164 86% 515k $8.2M (exactly $8,233,571) L2 Games
Carnal Instinct · EA older $29.99 5,407 82% 162k $4.9M (exactly $4,864,678) Team Carnal Instinct
Blood West older $24.99 6,132 90% 184k $4.6M (exactly $4,597,160) Hyperstrange
Bō: Path of the Teal Lotus older $19.99 1,398 82% 42k $838k (exactly $838,381) Squid Shock Studios, Christopher Stair,… (Squid Shock Studios, Christopher Stair, Trevor Youngquist)
Slain: Back from Hell older $12.99 1,692 71% 51k $659k (exactly $659,372) Steel Mantis
Bound By Flame older $6.99 3,058 67% 92k $641k (exactly $641,263) Spiders
The Devil Within: Satgat $24.99 795 78% 24k $596k (exactly $596,012) Newcore Games
Trench Tales · EA $24.99 601 69% 18k $451k (exactly $450,570) Talking Drums
DAIMON BLADES · EA $19.90 707 69% 21k $422k (exactly $422,079) StreumOn Studio
Dragon Is Dead $19.99 661 75% 20k $396k (exactly $396,402) TeamSuneat
Eternity Egg · EA $19.99 577 82% 17k $346k (exactly $346,027) USERLANDS
The Relic: First Guardian $34.99 167 43% 5.0k $175k (exactly $175,300) Project Cloud Games
Dark Dominion $14.99 170 72% 5.1k $76k (exactly $76,449) ZERO5GAMES
Magenta Horizon - Neverending Harvest $10.99 175 89% 5.3k $58k (exactly $57,698) Maddison Baek
DAMON and BABY $19.99 87 89% 2.6k $52k (exactly $52,174) Arc System Works

Estimates: copies = reviews × 30, gross = copies × list price.