Devolver's financials show Cult of the Lamb is its best seller, earning more than $90 million with DLC a significant factor: 'Gamers are spending more time on known IPs'

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(Image credit: Massive Monster / Devolver Digital) Over on Bluesky, industry analyst mauronl shared some info from Devolver Digital's 2024 wrap-up for investors, including lifetime revenue figures for 10 of its games. Sitting at number one, with over $US90 million earned, is the folk-horror Happy Tree Friends dungeon-crawler Cult of the Lamb. Number two, with over $US80 million in lifetime revenue, is Astroneer. These may be surprising figures coming from the house that Hotline Miami built (it's number seven, with >$30M in revenue), and the label that published all those Serious Sam games (that series is at number four, >$45M), but the explanation comes in the analysis at the top of the page. "Trend: Gamers are spending more time on known IPs as opposed to new IPs". But, I hear you ask, surely Cult of the Lamb is a new IP? In 2022 it was. Since then it's had multiple DLCs, both free and paid, and if you sort Steam's list of Devolver DLC by top sellers, four of Cult of the Lamb's DLCs are the top four. (Road to Elysium for The Talos Principle 2 rounds out the top five.) Successful DLC isn't just successful because of how many copies it sells, as it can bring in a new wave of players who hear about it and pick up the original—something Astroneer also benefited from with its Glitchwalkers expansion, reviving interest in the exploration-crafting game five years after its original launch. You may like 2024 was Steam's 'best year ever' of users buying newly released games—but I wouldn't celebrate the end of the forever game era just yet Larian's Swen Vincke subtweets anyone still fixated on singleplayer games' commercial viability: 'They just have to be good' The trend Devolver identifies isn't just that people really like post-launch support. The other entries in that top 10 include plenty of multi-game series, like Stronghold, Serious Sam, and Shadow Warrior, suggesting that players are videogame players are in another phase of returning for sequels. Expect to see plenty of those from Devolver in the year ahead, along with all the other things an enfranchised fanbase loves—like ports, spin-offs, and definitive edition rereleases. Another slide from the presentation highlights that Enter the Gungeon and the surprisingly successful VR game Gorn are both getting sequels, and Astroneer a spin-off called Starseeker. It's probably too early to declare originality dead, however, given that Devolver just released an oddball survival-horror RPG and has announced a May release date for the game where you look like a thumb and have gone to Hell to arrest Satan. Best laptop games: Low-spec life Best Steam Deck games: Handheld must-haves Best browser games: No install needed Best indie games: Independent excellence Best co-op games: Better together The biggest gaming news, reviews and hardware deals Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team. Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsorsBy submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over. Devolver Digital Jody Macgregor Social Links Navigation Weekend/AU Editor Jody's first computer was a Commodore 64, so he remembers having to use a code wheel to play Pool of Radiance. A former music journalist who interviewed everyone from Giorgio Moroder to Trent Reznor, Jody also co-hosted Australia's first radio show about videogames, Zed Games. He's written for Rock Paper Shotgun, The Big Issue, GamesRadar, Zam, Glixel, Five Out of Ten Magazine, and Playboy.com, whose cheques with the bunny logo made for fun conversations at the bank. Jody's first article for PC Gamer was about the audio of Alien Isolation, published in 2015, and since then he's written about why Silent Hill belongs on PC, why Recettear: An Item Shop's Tale is the best fantasy shopkeeper tycoon game, and how weird Lost Ark can get. Jody edited PC Gamer Indie from 2017 to 2018, and he eventually lived up to his promise to play every Warhammer videogame. You must confirm your public display name before commenting Please logout and then login again, you will then be prompted to enter your display name. 2024 was Steam's 'best year ever' of users buying newly released games—but I wouldn't celebrate the end of the forever game era just yet Larian's Swen Vincke subtweets anyone still fixated on singleplayer games' commercial viability: 'They just have to be good' Valve tracked 1.7 million Steam users who joined in 2023 to see if they stuck around—they did, and they spent $93 million 'Let's just fail quickly this time': Semiwork took a 'big risk' on REPO after its first game took 6 years to make and didn't sell very well Sniper Elite CEO reckons Swen Vincke is right to snarl at short-sighted publishers: 'You could argue that their business at senior level isn't making games… their business is managing their shareholders' perceptions' Obsidian says it won't chase huge profits or grow aggressively, and that's how it's going to last 100 years in the RPG business: 'Are we serious? Yes' Latest in Gaming Industry Devolver's financials show Cult of the Lamb is its best seller, earning more than $90 million with DLC a significant factor: 'Gamers are spending more time on known IPs' You don't see the Havok logo much anymore, but the legendary physics middleware used in Half-Life 2 never went away—just the splash screens I don't know why early 2000s internet is suddenly back, but both Ask a Ninja and Homestar Runner have just uploaded new videos Eugh: Discord is scanning some users' faces and IDs to 'experiment' with age verification features Ultrakill publisher co-founder throws up hands, jokes 'Tarkov has done irreparable f*cking damage to the game industry' because even FromSoftware games are extraction shooters now Seth Rogen goes rogue at science awards show to slam tech billionaires for backing Trump: 'It's amazing how much good science you can destroy with $320 million and RFK Jr' Latest in News Devolver's financials show Cult of the Lamb is its best seller, earning more than $90 million with DLC a significant factor: 'Gamers are spending more time on known IPs' Diablo is doing a crossover with grimdark anime Berserk and, OK, that makes sense Scientists claim they've seen a 'jaw-dropping' new color, but you can only experience it by shooting lasers directly into your eyes I don't know what I expected: Everybody's just recreating memes in Baldur's Gate 3's new photo mode While this paleontologist doesn't find Elden Ring's monster designs all that realistic, he was impressed by FromSoft's subtle storytelling and commitment to 'speculative biology' Rematch passes 100K Steam concurrents in open beta as 'Rocket League but with feet' turns out to be a winning idea HARDWARE BUYING GUIDES LATEST GAME REVIEWS Best Steam Deck accessories in Australia for 2025: Our favorite docks, powerbanks and gamepads Best graphics card for laptops in 2025: the mobile GPUs I'd want in my next gaming laptop Best mini PCs in 2025: The compact computers I love the most Best 14-inch gaming laptop in 2025: The top compact gaming laptops I've held in these hands Best Mini-ITX motherboards in 2025: My pick from all the mini mobo marvels I've tested MSI RTX 5060 Ti 16G Gaming Trio OC review Tempopo review: A solid musical puzzler that feels a little too one-note Tempest Rising review: A stalwart defence of everything that made the RTS great in the first place Corsair Void Wireless V2 review Nvidia GeForce RTX 5060 Ti 16 GB review (Palit Infinity 3) PC Gamer is part of Future plc, an international media group and leading digital publisher. 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