Recently, CD Projekt RED published an address to the community before Gamescom. The developers stated that The Witcher 4 is not planned for release in 2027.
The game still does not have a specific release date; only the release window for The Witcher 4: 2028 is known. The market reacted to this announcement with a drop in the Polish company's stock value.
Before the announcement of the release window, shares traded at 257 – 259 Polish zlotys (~$69-70), and the opening of trading was marked by a fall to approximately 239 Polish zlotys ($64). The value then briefly rose to 245, but after that, it quickly returned to the 239 level.
Such a drop, in terms of market capitalization, cost CD Projekt RED approximately 400 million dollars.
Currently, CD Projekt RED is developing not only The Witcher 4 but also a sequel to Cyberpunk 2077. In addition, in collaboration with Fool’s Theory studio, they are preparing an expansion for The Witcher 3: Wild Hunt, titled Songs of the Past (or "Ballads of the Past" in Russian localization) — its release is expected next year.