Last night, on August 21, 2026, CD PROJEKT RED revealed the release window for the fourth installment of "The Witcher" series — announcing that the game will be released in 2028. It seems this date did not particularly please stock market investors.
The Witcher IV
At the time of writing this report, CD PROJEKT RED's stock price dropped by 7% to 239.1 PLN ($64.76) per share, leading to a decrease in the company's market value. Previously valued at 25.7 billion PLN ($6.96 billion), it is now at 23.89 billion PLN ($6.47 billion), meaning that in just one day, the Polish developers lost almost half a billion dollars in value.
However, it's possible that CD PROJEKT RED may recover from this decline soon. The company has promised to showcase a new expansion for The Witcher 3: Wild Hunt titled "Ballads of the Past" at the Gamescom 2026 gaming convention. If investors are impressed by the presentation, the stock might rise again. Furthermore, CD PROJEKT RED plans to release a quarterly report next week, which could also influence market sentiment.
In May, CD PROJEKT RED shared plans to release three full-fledged games in the Witcher series over six years. Whether the company can still meet this timeline remains unclear.