Last of Us Part 3 Has a Concept but No Date as Druckmann Says “Don’t Bet on It” and HBO Ratings Drop 55%

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By TGT Staff

// The Last of Us — From Ratings Drop to Part III

The Last of Us Part II sold 4 million copies in its first three days — the fastest-selling PlayStation 4 exclusive at the time. It went on to 10 million by June 2022. It won 326 Game of the Year awards in 2020, including 68 decided by public vote. By any commercial measure, Part II was a success. It was also deeply divisive — players were split on the dual-protagonist structure, on the revenge narrative, on Abby. Five years later, the same story is playing out on HBO: Season 2 adapted the first half of Part II and the same fracture followed. The Season 2 finale drew 3.7 million viewers — down 55% from the 8.2 million who watched the Season 1 finale in 2023.

The TV numbers matter for the game’s future because Naughty Dog and Sony operate in a world where the show and the game share an audience and a commercial reputation. A franchise with a recovering show and a strong next game announcement carries more momentum than one carrying both. Right now, with PS6 on the horizon, the question of what The Last of Us Part III is, when it comes, and whether it even happens, is the most pressing one in the franchise. Here is every confirmed data point.

Part III Is in Druckmann’s Head — But Not Yet on Naughty Dog’s Slate

Interactive — click any signal in the tracker below to expand Druckmann’s direct words
4M Part II copies sold in first 3 days — fastest PS4 exclusive ever at launch
−55% HBO Season 1 finale (8.2M) vs Season 2 finale (3.7M) — all platforms
0 Official Part III announcements from Naughty Dog as of April 2026
3+yrs Second Naughty Dog project in development — identity unconfirmed
// Part II — The Commercial & Critical Record
Launch Weekend Sales
4M+
Part II sold over 4 million copies in its opening weekend (June 2020), beating Marvel’s Spider-Man (3.3M) and God of War (3.1M) for the fastest PlayStation exclusive launch at that time. Sony confirmed the milestone via the PlayStation Blog.
Lifetime Sales (as of June 2022)
10M
By June 2022, two years after launch, Part II had reached 10 million units sold across PS4, PS5, and digital platforms. Part II Remastered sold an estimated additional 2 million units during the HBO Season 2 broadcast window in 2025.
Critical Reception
93%
Metacritic critic score. Part II won 326 Game of the Year awards in 2020, the most of any game until Elden Ring broke that record in 2022. Critics and verified buyers rated it positively — the split was loudest in unverified user scores.
Audience Split (Metacritic User)
5.8
The Metacritic user score at launch reflected deep polarisation — primarily over Joel’s death, Abby’s role as playable protagonist, and the revenge narrative structure. The same story arc is now driving the HBO audience score (39% on Rotten Tomatoes for Season 2) five years later.

Part II’s commercial performance proved the franchise had a large enough audience to absorb a divisive story and still break records. The sales did not decline because of the controversial narrative — they launched at record pace. What the numbers also show is that the franchise’s audience is not a monolith: the buyers who completed it and rated it positively on PSN were a different group from the vocal critics. That split audience is now the foundation on which any Part III decision sits.

The Last of Us Part II Remastered official promotional background showing post-apocalyptic overgrown environment by Naughty Dog
The Last of Us Part II Remastered launched on PS5 on January 19, 2024, offering owners of the PS4 version a paid upgrade path — a PC version co-developed by Nixxes Software and Iron Galaxy Studios followed on April 3, 2025. Photo Source: Sony Interactive Entertainment / Naughty Dog (All Rights Reserved, editorial fair use)
// Neil Druckmann on Part III — Every Statement, In Order

Druckmann’s public position on Part III has shifted several times since 2020. Click each entry to read his direct words.

Points toward Part III
Against / uncertain
Neutral / ambiguous
Apr 2021 Points to Part III Plot already exists — game not yet in development [ + ]
“The plot and story for The Last of Us Part 3 is already done, but the game is not in development yet.” — Neil Druckmann, Script Apart podcast, April 2021
2024 Points to Part III Concept found — as exciting as Part I and Part II [ + ]
“For years now I haven’t been able to find that concept. But recently that’s changed. I don’t have a story. But I do have that concept that is, to me, as exciting as 1, as exciting as 2 — is its own thing, and yet has this throughline for all three. So it does feel like there’s probably one more chapter to this story.” — Neil Druckmann, Grounded II documentary (The Last of Us Part II Remastered), 2024
Apr 2025 Against / uncertain “Don’t bet on more Last of Us” — but leaves door open [ + ]
“I guess the only thing I would say is don’t bet on there being more of Last of Us. This could be it.” — and separately: “If the stars align, and everything comes into place, who knows? I am treating these projects like it’s the last thing I will ever work on. So my assumption is that there will be no more [The Last of Us games].” — Neil Druckmann, Variety, April 2025 (during Season 2 promotions)
May 2025 Points to Part III “More stuff happening in The Last of Us world that has not been announced” [ + ]
“There’s more stuff happening in The Last of Us world that has not been announced.” — also: “Other things are coming and we can announce more things soon” and references to “all the various Last of Us things I’m working on.” — Neil Druckmann, Variety, May 2025
Sep 2025 Ambiguous Naughty Dog debated going straight to Part III after Part II [ + ]
Druckmann confirmed to Variety that Naughty Dog internally debated going straight into Part III after completing Part II in 2020, but the team chose to pursue a new IP instead — which became Intergalactic: The Heretic Prophet. “We do our best work when it’s something we’re really excited about, really passionate about.” — Neil Druckmann, Variety, September 2025
Mar 2026 Points to Part III “The few stops that remain on the road ahead” [ + ]
Druckmann shared 2003 concept sketches of Joel and Ellie on Instagram — his original pitch for the game — with the caption: “Cleaning out the garage today and stumbled on my original sketches from 2003 for a game pitch about a man, his surrogate daughter, and a trek across a broken America. Been a wild journey. Grateful for every part of it, especially the few stops that remain on the road ahead.” The phrase “few stops that remain” was widely interpreted as pointing to Part III, though Season 3 of the HBO show is also still ahead. — Neil Druckmann, Instagram, March 2026
Apr 2026 Ambiguous Former Naughty Dog director confirms second project — not Intergalactic [ + ]
Former Naughty Dog game director Vinit Agarwal, speaking on the Lance E Lee Podcast, confirmed a second large-scale single-player game has been in development at the studio for at least three years — separate from Intergalactic: The Heretic Prophet, which Agarwal explicitly called “Neil’s game.” The identity of the second project has not been confirmed. Whether it is Part III, an Uncharted title, or something else remains unknown. GameSpot reported the full details on April 2, 2026. — Vinit Agarwal, Lance E Lee Podcast, reported April 2026
// Part III — What Is and Isn’t Cleared
🎮
Intergalactic Ships First
Naughty Dog’s current priority is Intergalactic: The Heretic Prophet, directed by Druckmann. No release date has been confirmed; industry reports suggest 2027 as a target. Part III full production is not expected to begin publicly until after Intergalactic ships.
Active Blocker
📺
Season 3 Story Overlap
Season 3 (filming now, 2027 premiere) will conclude the Part II story on screen. There is a theory that Naughty Dog is holding back Part III news to avoid spoiling the TV ending. The show and game share canon — a Part III announcement before Season 3 airs would create story conflict.
Partial Constraint
📖
Story Concept Confirmed
Druckmann confirmed in 2021 that a plot existed, and in 2024 that a concept had been found that felt as exciting as Part I and Part II. A story concept existing does not mean active production — but it removes the creative blocker that had held Part III back for years after 2020.
Cleared
Multiplayer Gap Unfilled
The standalone Last of Us multiplayer game (Factions) was cancelled in 2023 after seven years of development. That cancellation freed studio resources but also left the community without any online mode. A modder named Speclizer has since built an experimental co-op mod for Part II on PC — with no public release planned — showing the demand that officially went unmet.
Gap Remains
📊
TV Rating Pressure
The Season 2 finale drew 3.7 million viewers versus 8.2 million for Season 1 — a 55% drop. Season 3, without Druckmann as showrunner, carries the full weight of the Abby-perspective arc that also divided game audiences. If Season 3 recovers the audience, Part III announcement timing improves. If it does not, the franchise carries that into Sony’s planning conversations.
Unresolved
🏗️
Second Project in Development
Former Naughty Dog director Vinit Agarwal confirmed a second game — separate from Intergalactic — has been in development for at least three years. Naughty Dog previously stated after cancelling Factions that “more than one ambitious single-player game” was in progress. Part III remains a candidate for that slot.
Development Active
// The Rating Drop — Context, Not Verdict
Season 1 Finale — 2023
8.2M
All platforms, first night. Season 1 covered the first game across 9 episodes. IMDb average: 8.6–9.0 per episode.
Season 2 Finale — May 2025
3.7M
All platforms, first night. Season 2 covered half of Part II across 7 episodes. Rotten Tomatoes audience: 39%. IMDb average: 7.4.

Part II’s game audience split almost identically — a 93% critic score alongside a 5.8 Metacritic user score at launch. The same story, told five years later on HBO, produced the same response in a TV audience. The 55% viewership decline between finales is large. It is also not the only number that matters: Druckmann told Variety that the show drove players back to the games, with Part II Remastered selling an estimated 2 million additional units during Season 2’s broadcast window. The franchise still converts TV viewers into game buyers even when those same viewers stop watching the show. As PlayStation’s first-party slate extends further, that conversion rate matters more than raw TV numbers for Naughty Dog’s planning.

Season 3, now filming in Vancouver under Craig Mazin as sole showrunner, will be the first full season telling the story from Abby’s perspective — the element that drew the sharpest reaction from both game and TV audiences. Its reception in 2027 will be the clearest read yet on whether the franchise’s audience will follow the story wherever it goes.

// Realistic Timeline — What Is Confirmed vs What Is Not
2026
Intergalactic: The Heretic Prophet Date Unconfirmed
Naughty Dog’s new IP, directed by Druckmann, has no confirmed release date. Industry reports suggest a 2027 target is more likely. Until it ships, it occupies Druckmann’s full attention as both director and Studio Head.
2027
HBO Season 3 Premiere Confirmed — HBO
Production began March 2, 2026 in Vancouver under Craig Mazin. Kaitlyn Dever leads as Abby. Patrick Wilson and Jason Ritter joined the cast. Production wraps November 27, 2026. HBO CEO Casey Bloys confirmed 2027 as the target window. This is the final piece of the Part II story on screen.
2027+
Second Naughty Dog Project — Possible Part III Identity Unknown
A second large-scale single-player game has been in development at Naughty Dog for at least three years, confirmed by former director Vinit Agarwal. It is led by someone other than Druckmann. Whether it is Part III, an Uncharted title, or a new IP has not been confirmed. Naughty Dog said in 2023 that “more than one ambitious single-player game” was in progress after Factions was cancelled.
TBD
The Last of Us Part III Not Announced
No official announcement. A concept exists per Druckmann’s 2024 documentary comments. A plot outline was reportedly done as of 2021. Full production has not been confirmed. Given Naughty Dog’s 5–6 year development cycles, any Part III announced after 2027 would realistically target PS5 late cycle or PS6 launch window.
// What Was Covered

This piece covered The Last of Us Part II’s commercial record — 4 million copies in 3 days, 10 million by June 2022, 326 Game of the Year awards — alongside the game’s divided critical and audience reception. Neil Druckmann’s statements on Part III were covered in order: a 2021 podcast where he said a plot existed, his 2024 documentary statement that a concept had been found, his April 2025 Variety comments advising against expecting more games, his May 2025 Variety statement referencing unannounced Last of Us projects, and his March 2026 Instagram post referencing “few stops that remain.” Former Naughty Dog director Vinit Agarwal’s April 2026 confirmation of a second project was also discussed, as were the TV rating figures — the 55% drop between Season 1 and Season 2 finales — as context for the franchise’s current commercial position. No Part III announcement has been made by Naughty Dog as of April 2026.

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