CD Projekt’s shares fell 7.23% to 238.60 Polish zloty on Tuesday, erasing roughly 18.60 PLN per share, after the company ruled out a 2027 launch for The Witcher 4 and set the next major title’s release window for 2028.
The decline marked the steepest single-day drop in the Warsaw bourse’s WIG20 index, which fell about 5% in early trade. The sell-off was concentrated in CD Projekt, while broader Polish equities and U.S. benchmarks such as the S&P 500 and Nasdaq held modest gains, indicating the move was company-specific rather than driven by broader market conditions.
Joint CEO Michał Nowakowski said The Witcher 4 is the most ambitious project in the company’s history, with more than 500 staff already assigned to development. He added that the studio will not unveil new material for the title at this year’s Gamescom, despite confirming plans to showcase Songs of the Past, the third expansion for The Witcher 3.
The delay follows market speculation that the game could arrive as early as 2027. CD Projekt’s next earnings report is scheduled for September 2, 2026. Shares were last quoted at 238.60 PLN, down from an opening print of 245.10 PLN.
