CD Projekt's mysterious stream
CD Projekt, a Polish computer game producer and distributor, prepared an event aimed at both investors and fans of the Witcher universe.
"Join us on May 28 at 5:00 PM for a special anniversary broadcast of The Witcher 3: Blood and Wine. Together with Kacper Niepokólczycki and Magdalena Zych, we will return to the land of knights, vineyards, and vampires!", the post read on X.
Market participants, with clear tension, are waiting for the DLC for the mentioned title, interpreting any signals from CD Projekt as potential announcements of a long‑awaited release.
Even if a potential teaser for the next major chapter in the iconic brand’s development does not materialize, CD Projekt’s shares may remain susceptible to the live mood prevailing on the Warsaw floor.
Experts expect that the company’s management has not said the last word, even though no breakthrough announcements were made on May 19 during the Witcher 3 launch.
We can probably expect some information in May around the anniversary of the W3 release, but additional marketing materials will likely appear in the first week of June at an event organized by Xbox – said Mateusz Chrzanowski, a Noble Securities analyst, in a recent FXMAG interview.
We wrote more about this in the article: CD Projekt shares before the breakthrough? GPW waits for Witcher 3 DLC. Expert points to potential dates.
Grzegorz Gawkowski, a securities analyst at Bank Millenium Brokerage Office, highlighted that the high market expectations for CDR stem from the company’s ambitious plans.
This is mainly due to the context of the 2023‑2026 incentive program, which aims to achieve 2 billion PLN cumulative net profit. With 11 of 16 quarters left to reach the goal, there remains roughly 700 million PLN, so investors assume the company needs an additional project supporting results before the Witcher 4 launch.
In this context, the most common scenario is a new Witcher DLC.
On Thursday, the day of the scheduled stream, the company will also publish Q1 financial results, which, according to the expert, "naturally expands the space for communication with investors and players".
Read more in the article: CD Projekt shares before the new ATH? Expert says when to expect Witcher 3 DLC and Witcher 4 launch. "I remain cautious".
See also: CD Projekt shares ignite the market again? New game is coming! Expert says when they expect Witcher 3 DLC.
CD Projekt shares undervalued
The price of CD Projekt shares at Tuesday’s close fell 1.49% to 252 PLN.
In the last month, CDR’s shares have dropped almost 11%.
Chart. CD Projekt share price

Source: TradingView.
Read also: CD Projekt shares will drive the rally? Investors wait for Witcher 3 DLC. We know possible dates!
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