The buzz around Netflix’s Squid Game: The Challenge hasn’t died down since the first season dropped back in late 2023, pulling in millions of viewers hooked on the mix of strategy, betrayal, and those heart-pounding games. With Season 2 wrapping up its intense run just days ago on November 18, 2025—crowning Perla Figuereo as the big winner of that $4.56 million prize—eyes are already turning to what’s next. Season 2 brought fresh twists like the “Catch” game and fan-voted comebacks, keeping the energy sky-high. But the question on everyone’s mind? Is Squid Game: The Challenge Season 3 actually happening? Here’s everything we know so far.
Is Netflix’s Squid Game: The Challenge Season 3 Hapeiing?
Short answer: Yes, it’s locked in. Netflix dropped the renewal news back in July 2025, right before Season 2 hit screens, signaling their confidence in the format’s staying power. This move lines up the reality spin-off with the original Squid Game scripted series, which just closed out its third and final season in June 2025. Fans who binged Gi-hun’s final showdowns know the universe is rich with potential, and the unscripted version taps right into that thrill without the, uh, fatal stakes.
Squid Game: The Challenge Season 3 Release Date Speculation
No hard date yet, but patterns from past seasons offer clues. Season 1 premiered November 22, 2023, and Season 2 landed exactly two years later on November 4, 2025. If they stick to the fall schedule—prime time for binge-watching as the weather turns—expect Squid Game: The Challenge Season 3 around November 2026. Production timelines for these massive undertakings (filming 456 players? Logistical chaos) usually span 12-18 months, so that lines up perfectly.
Of course, with the scripted Squid Game wrapping up earlier this year, creators might weave in more Easter eggs from its finale, like nods to the VIPs or that island showdown. Teasers could drop mid-2026, building the hype machine all over again.
