CD Projekt Shares Slump After It Says ‘Witcher IV’ Won’t Come Out in 2026 

A bird flies in front of the CD Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. (Reuters) 
A bird flies in front of the CD Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. (Reuters) 
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CD Projekt Shares Slump After It Says ‘Witcher IV’ Won’t Come Out in 2026 

A bird flies in front of the CD Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. (Reuters) 
A bird flies in front of the CD Projekt logo at its headquarters in Warsaw, Poland January 21, 2020. Picture taken January 21, 2020. (Reuters) 

Shares of CD Projekt fell nearly 13% in early trading on Wednesday after the game developer said the premiere of "Witcher IV" was scheduled for after 2026, fueling fears of an even longer wait for the new instalment in the blockbuster series.

Analysts had previously said they expected the game to debut anywhere between 2026 and 2028.

"The Witcher IV", developed under code name Polaris, is the first instalment in a new trilogy expanding the universe of CD Projekt's blockbuster medieval fantasy franchise that has sold more than 75 million copies to date.

Finance chief Piotr Nielubowicz said the video game maker would not announce a precise launch date yet, but indicated the post-2026 timeframe "to give more visibility to investors".

The confirmation that the game will not be released before 2027 is "not a big surprise", analyst Grzegorz Balcerski from Trigon said in a note, adding the brokerage's previous forecast assumed a premiere in the second quarter of 2027.

Shifting expectations for the premiere beyond 2026 may also raise speculation that the game might debut even after 2027, considering postponements of new releases are common in the industry, Balcerski added.

"Lack of management confidence to commit to 2027 should also disappoint, even though we believe that the actuary assumptions used in the annual report suggest that this is currently the internal base case," JPMorgan analysts said in a note.

The stock was down 11% as of 0940 GMT, on track for its biggest one-day drop in two years and the worst performer on Europe's benchmark STOXX 600 index.

Up to Tuesday's close, it was up 20% since the beginning of 2025.

CD Projekt said in November that "Witcher IV" had entered full-scale production. The company's joint CEO Michal Nowakowski said at the time that it typically takes five to six years to develop a big ticket AAA game from the time early ideas are first discussed.

It had announced the works on the new "Witcher" saga back in March 2022.



Google Will Pay Texas $1.4 Billion to Settle Claims the Company Collected Users’ Data without Permission

A Google logo is seen at the company's headquarters in Mountain View, California, US, November 1, 2018. (Reuters)
A Google logo is seen at the company's headquarters in Mountain View, California, US, November 1, 2018. (Reuters)
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Google Will Pay Texas $1.4 Billion to Settle Claims the Company Collected Users’ Data without Permission

A Google logo is seen at the company's headquarters in Mountain View, California, US, November 1, 2018. (Reuters)
A Google logo is seen at the company's headquarters in Mountain View, California, US, November 1, 2018. (Reuters)

Google will pay $1.4 billion to Texas to settle claims the company collected users' data without permission, the state’s attorney general announced Friday.

Attorney General Ken Paxton described the settlement as sending a message to tech companies that he will not allow them to make money off of “selling away our rights and freedoms.”

“In Texas, Big Tech is not above the law,” Paxton said in a statement. “For years, Google secretly tracked people’s movements, private searches, and even their voiceprints and facial geometry through their products and services. I fought back and won.”

The agreement settles several claims Texas made against the search giant in 2022 related to geolocation, incognito searches and biometric data. The state argued Google was “unlawfully tracking and collecting users’ private data.”

Paxton claimed, for example, that Google collected millions of biometric identifiers, including voiceprints and records of face geometry, through such products and services as Google Photos and Google Assistant.

Google spokesperson José Castañeda said the agreement settles an array of “old claims,” some of which relate to product policies the company has already changed.

“We are pleased to put them behind us, and we will continue to build robust privacy controls into our services,” he said in a statement.

The company also clarified that the settlement does not require any new product changes.

Paxton said the $1.4 billion is the largest amount won by any state in a settlement with Google over this type of data-privacy violations.

Texas previously reached two other key settlements with Google within the last two years, including one in December 2023 in which the company agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store.

Meta has also agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used users' biometric data without their permission.