METAL GEAR SOLID V: THE PHANTOM PAIN Steam key art
METAL GEAR SOLID V: THE PHANTOM PAIN cover art

Steam revenue analysis

METAL GEAR SOLID V: THE PHANTOM PAIN Steam Revenue & Sales Estimates

KONAMI

$47.8MEst. Gross Revenue

2,597,972 estimated sales, 92% positive reviews, and $35,332,528.81 potentially retained by the developer after Steam's platform fees.

Action92% Positive$19.99MC 91

Revenue Overview

$47.8M

Gross Revenue

$35.3M

Developer Revenue

2,597,972

Est. Copies Sold

$47.8M

Revenue / Year (avg. 1 yr)

$36.8MLow estimate
$47.8MBest estimate
$110.3MHigh estimate

How the revenue splits

Gross Revenue
$47,776,705
− Steam Platform Fee(26.1%)
−$12,444,176
Developer Revenue
$35,332,529

Developer vs. Steam

Developer: 74.0%($35,332,529)Steam: 26.1%($12,444,176)

Tiered Fee Structure

Tier 1 ($0–$10M) (30%)$3,000,000
Tier 2 ($10M–$50M) (25%)$9,444,176
Tier 3 ($50M+) (20%)—

More context in the Steam game revenue hub or in the Steam revenue calculator.

How we estimate this

92%positive
99,922Total Reviews
91,928positive (92%)
7,994negative (8%)

Step by step

  1. 1

    Capture Steam review volume as the primary demand signal

    99,922 reviews and a 92% positive rating are used as the starting point because Steam review counts correlate strongly with paid ownership.

  2. 2

    Apply a calibrated Boxleiter multiplier

    For METAL GEAR SOLID V: THE PHANTOM PAIN, we use a midpoint multiplier of ×26 and show a wider range from ×20 to ×60 to reflect uncertainty.

  3. 3

    Use a realistic realized sale price instead of only list price

    Rather than relying only on the current price of $20, we estimate a realized average sale price of $18 to account for discounting over time.

  4. 4

    Translate gross revenue into developer revenue

    We then apply Steam's effective fee rate of 26.1%. That turns an estimated $47,776,705 in gross revenue into roughly $35,332,529 retained by the developer.

Calibrated inputs for this game

Avg. sale price

$18.39

List price $19.99

Boxleiter multiplier

×26

Range ×20–×60

Effective Steam fee

26.1%

Tiered 30 / 25 / 20%

Revenue estimates for METAL GEAR SOLID V: THE PHANTOM PAIN use the Boxleiter method with a broad range from x20 to x60. For the best estimate we use a calibrated midpoint of x26 and a calibrated average sale price of $18 instead of a flat 30x/0.75 model. Factors like age, price tier, discount history, genre, and review profile all affect the true reviews-to-sales ratio.

Platform Comparison

Hypothetical: What would the developer earn at the same gross revenue?

Steam

Gross revenue baseline: $47,776,705

To developer

$35,332,529

To developer: 74.0%

$35,332,529

Platform fee: 26.0%

$12,444,176

Epic Games Store

Gross revenue baseline: $47,776,705

To developer

$42,163,500

To developer: 88.3%

$42,163,500

Platform fee: 11.7%

$5,613,205

Epic: 0% on the first $1M in annual per-app revenue, then 12%. Effective here: 11.7%.

GOG

Gross revenue baseline: $47,776,705

To developer

$33,443,694

To developer: 70.0%

$33,443,694

Platform fee: 30.0%

$14,333,012

* Actual sales on Epic and GOG are not estimated. Steam's larger user base typically drives substantially higher sales volumes.

Genre Market Position

Top 9% by revenue in Action
9%

Top 9% of Action games

by estimated revenue

0%◆ Median100%

2,141

Top Games Tracked

$6M

Median (tracked top games)

$20.8M

Mean (tracked top games)

METAL GEAR SOLID V: THE PHANTOM PAIN ranks in the top 9% of 2141 tracked action top-sellers, with estimated revenue 8× this group's median.

Baseline: HelpfulCalculator's curated set of top-grossing Steam games, not the entire Steam catalog. Niche genres may have small samples.

Playtime & Engagement

51.2h avg21.8h median

51.2h

Average Playtime

21.8h

Median Playtime

6.4h

Recent Activity (2 Weeks)

A median playtime of 21.8h and average of 51.2h suggest a dedicated core community playing this action game well beyond the typical player.

Current Activity13% still active

Game Details

Dataset updated: April 18, 2026

DeveloperKONAMI
PublisherKONAMI
Release Date—
Years on Market1 year
Current Price$19.99
Calibrated Avg. Selling Price$18.39
GenreAction
Peak Players1,333
SteamSpy Owners2,000,000 .. 5,000,000
SteamView on Store

Features

Single-playerMulti-playerSteam AchievementsFull controller supportSteam Trading CardsCaptions availableIn-App PurchasesSteam CloudSteam LeaderboardsRemote Play on PhoneRemote Play on TabletRemote Play on TVFamily Sharing

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Frequently Asked Questions

How much has METAL GEAR SOLID V: THE PHANTOM PAIN earned on Steam?

Based on our analysis using the Boxleiter method, we estimate METAL GEAR SOLID V: THE PHANTOM PAIN's total gross revenue on Steam at approximately $47,776,705.

This estimate comes with a confidence range:

  • Conservative estimate (x20): $36,751,312
  • Calibrated midpoint (x26): $47,776,705
  • Optimistic estimate (x60): $110,253,935

The actual revenue may vary due to regional pricing, seasonal discounts, and refund rates.

How many copies has METAL GEAR SOLID V: THE PHANTOM PAIN sold on Steam?

With 99,922 Steam reviews and a 92% positive rating, we estimate METAL GEAR SOLID V: THE PHANTOM PAIN has sold between 1,998,440 and 5,995,320 copies, with a best estimate of 2,597,972.

This is based on the Boxleiter method, which uses the observation that roughly 1 in every 20 to 60 buyers leaves a Steam review. For the midpoint we do not assume a universal 30x value; we use a calibrated multiplier of x26 that adjusts for the title's age, price tier, genre, and review profile.

How much does KONAMI earn from METAL GEAR SOLID V: THE PHANTOM PAIN?

After Steam's tiered platform fee of effectively 26.1%, KONAMI keeps an estimated $35,332,529 from METAL GEAR SOLID V: THE PHANTOM PAIN's gross revenue of $47,776,705.

Here's the breakdown:

  • Gross Revenue: $47,776,705
  • Steam's Fee (26.1%): -$12,444,176
  • Developer Revenue: $35,332,529

Note: This doesn't account for publisher shares, taxes, or development costs.

What percentage does Steam take from METAL GEAR SOLID V: THE PHANTOM PAIN?

Steam uses a tiered revenue sharing model that reduces the platform's cut as a game earns more:

  • First $10 million: 30% to Steam, 70% to developer
  • $10M to $50M: 25% to Steam, 75% to developer
  • Above $50M: 20% to Steam, 80% to developer

For METAL GEAR SOLID V: THE PHANTOM PAIN, with an estimated gross revenue of $47,776,705, this results in an effective rate of 26.1%. Steam keeps approximately $12,444,176 and KONAMI receives $35,332,529.

How accurate are these revenue estimates for METAL GEAR SOLID V: THE PHANTOM PAIN?

These estimates use the Boxleiter method, a widely-used industry approach that estimates game sales from the number of Steam reviews.

Factors that affect accuracy:

  • Review-to-purchase ratio varies by genre
  • Discount history - games with frequent deep sales may have higher ratios
  • Regional pricing - different prices in different markets are not captured
  • Refunds - Steam's return policy means some counted sales were refunded
  • Bundled sales - keys sold through third-party bundles may not generate reviews

We provide a confidence range ($36,751,312 to $110,253,935) to reflect this uncertainty. For the best estimate we combine the Boxleiter range with a calibrated midpoint (x26) and a calibrated ASP of $18.

What would METAL GEAR SOLID V: THE PHANTOM PAIN earn on Epic Games Store instead?

If METAL GEAR SOLID V: THE PHANTOM PAIN generated the same gross revenue on the Epic Games Store, KONAMI would keep approximately $42,163,500 - that's $6,830,972 more than on Steam.

At this revenue level, Epic's concrete platform fee would be $5,613,205. Epic charges 0% on the first $1 million in annual per-app revenue and then 12% on the remaining amount. On GOG (30% cut), the developer would earn approximately $33,443,694.

Note: This is a hypothetical comparison. Actual sales volumes differ significantly between platforms, and Steam's larger user base typically drives substantially higher sales.

How long do players spend in METAL GEAR SOLID V: THE PHANTOM PAIN?

According to SteamSpy data, players spend an average of 51.2 hours in METAL GEAR SOLID V: THE PHANTOM PAIN, with a median playtime of 21.8 hours. The large gap between average and median suggests a dedicated core community playing well beyond the typical player.

What is METAL GEAR SOLID V: THE PHANTOM PAIN's Metacritic score?

METAL GEAR SOLID V: THE PHANTOM PAIN has a Metacritic score of 91/100, which is considered "generally favorable" by critics. The Steam community rates the game 92% positive based on 99,922 user reviews.