When The Witcher first arrived on Netflix back in 2019, few could have guessed just how much money the streaming giant would eventually pour into the fantasy world of Geralt of Rivia. Fast-forward to 2025, and the franchise has officially crossed a staggering half-a-billion-dollar mark, with plenty more spending still to come.
Unlike movie blockbusters that often advertise their massive budgets upfront, the real costs behind major TV franchises usually trickle out through industry insiders and leaks. In the case of The Witcher, new details have emerged revealing just how much Netflix has invested to keep the swords clashing, the monsters roaring, and the Continent alive on screen.
Between four mainline seasons, a spinoff, and multiple anime projects, the series has quietly become one of Netflix’s biggest financial commitments to date. And with at least two more seasons in the works, plus a major video game and a new novel fueling fan interest, Geralt’s adventures are far from over.
Season budgets show just how costly Geralt’s world is
If you break it down, the numbers are eye-watering. Season 1 cost Netflix about $92.1 million, averaging roughly $11.5 million per episode; already a hefty sum for a fantasy show back then. But by Season 2, that figure had nearly doubled to $176.3 million, or $22 million per episode, thanks to bigger sets, larger battles, and even more monsters.
Season 3, which wrapped with Henry Cavill’s final turn as Geralt, came in at $162 million, just a bit lower per episode than Season 2. Meanwhile, the controversial prequel, Blood Origin, cost $50.3 million, and the troubled spinoff The Rats: A Witcher’s Tale has soaked up another $20 million so far, with that number expected to rise once post-production finishes.
The Witcher’s future spending isn’t slowing down
What is even more surprising is that the half-billion-dollar figure doesn’t even cover everything. Netflix’s animated movies like Nightmare of the Wolf and the upcoming Sirens of the Deep aren’t included in these estimates, since their budgets haven’t been revealed.
And with Season 4 deep in post-production ahead of its 2025 release, and a final fifth season likely to follow, the total cost of Geralt’s saga on Netflix could easily hit $800-850 million. Factor in the boost from Andrzej Sapkowski’s brand-new Witcher novel, Crossroads of Ravens, and CD Projekt Red’s The Witcher 4 game, and it is clear this Continent still has plenty of stories left, and Netflix’s checkbook isn’t closing anytime soon.