LOL, after what, 5-years of dev time? That's a monstrous lose.
Pretend there's only 5 devs, at only $100K/yr. $2.5M in salary, and total payroll costs an employer anywhere from 20-50% more. And then there are benefits. And leadership pay and hardware and hosting fees and software fees and... And if that's all they made, they are seriously underwater.
All together, house and all, I'm about $100,000 in the hole. I'd rather be me than them. :)
I saw someone say that Valve holds back a portion of the revenue to cover potential refunds. If that's true, I wonder if that's calculated dynamically as it sounds like this is a higher than normal refund rate.
In addition to what the other people replying to you said this isn't valves first rodeo and when a game is this much of a shitshow valve steps in and waives the normal refund policy (have to refund with < 2hrs and within 2 weeks of buying the game) valve has a reputation to uphold and honestly they do that really well imo
"We are sorry for the fact that the game didn't meet the expectations of the majority of the players," reads a statement from Mytona, noting it's an investor in the game.
"Today we will work with Steam to open up refunds for any players who choose to make a refund. We're in contact with Fntastic regarding the future of the game."
Answer to those who ask for a refund. Mytona and we're currently working with Steam to allow refunds for any player who chooses to request one, regardless of game time. Fntastic received $0 and will receive nothing from The Day Before sales.