Analysts at Polish brokerage DM BOŚ estimate that Songs of the Past, the upcoming expansion for The Witcher 3: Wild Hunt, could generate over 700 million PLN — roughly $187.9 million — for CD PROJEKT RED in its first 12 months on sale.

That figure approaches the studio's total revenue for all of last year, which came in slightly higher at 866.9 million PLN ($234.8 million). A single expansion nearly matching a full year of company-wide earnings would be a notable outcome for a title that launched in 2015.

How many copies are analysts forecasting?

DM BOŚ projects annual sales of 11.4 million copies for the expansion. If the forecast holds, Songs of the Past would sell almost as fast as the base game did at launch.

For context on the comparison:

• The Witcher 3 shipped in May 2015 and sold "almost" 10 million copies by the end of December that year.
• By May 2026, the base game had reached 65 million purchases.

An expansion attaching to an installed base of that size gives CD PROJEKT RED a conversion opportunity that few premium single-player titles can match — the analysts' number implies roughly one in six Witcher 3 owners buying the expansion within a year.

What changes for CD PROJEKT RED's business?

The estimate frames the expansion as a significant near-term revenue driver rather than a legacy-product footnote. If Songs of the Past delivers even close to 700 million PLN, it would materially lift annual results in its debut year.

The forecast also underscores the durability of The Witcher 3 as a monetization vehicle more than a decade after release. CD PROJEKT RED has kept the title selling through a combination of platform expansions, free next-gen upgrades, and now paid story content — a cadence that keeps a 2015 game contributing meaningful revenue to a studio also developing new projects.

DM BOŚ's numbers are estimates, not company guidance. CD PROJEKT RED has not published sales targets for the expansion, and actual results will depend on pricing, platform mix, and attach rate among the existing audience.

When does Songs of the Past launch?

CD PROJEKT RED has not announced an exact release date. The company has only confirmed a 2027 launch window for the expansion.

DM BOŚ, however, expects a debut by the end of the first quarter — no later than March 31, 2027. A release that early in the year would let the expansion book its first several months of sales within a single reporting year, aligning with the analysts' 12-month revenue model.

Watch for the official release date announcement from CD PROJEKT RED: the timing of that confirmation, and whether it validates DM BOŚ's first-quarter expectation, will be the clearest signal yet on when this revenue actually starts landing.