Shrek 5: First Real Trailer Shows Off Footage, Frozen Jokes, and a Bigger Adventure

Universal and DreamWorks Animation released the first full trailer for “Shrek 5” on Tuesday, and unlike the brief meme teaser that dropped last year, this one actually shows the movie.

It opens with illustrations that pay homage to William Steig’s original picture book, walking through the storybook version of the Shrek, Fiona, and Donkey tale before Donkey interrupts. From there it transitions into real footage that points toward a much bigger and more elaborate adventure than the franchise has attempted before. The gang travels through Far Far Away again and runs into a giant, some local law enforcement, and a creepy snowman lurking in an alley who parodies Olaf from “Frozen,” asking whether anyone wants to date a snowman.

That makeover joke is doing real work. It addresses the redesigned animation style directly rather than pretending nothing changed, which matters given how mixed the reaction was when the first footage surfaced in early 2025. Based on this trailer, the new look reads as more expressive and appealing in motion than it did in those early stills, and folding the change into a gag is the kind of self-aware humor the series has always leaned on.

The cast is the other headline. Mike Myers, Eddie Murphy and Cameron Diaz all return as Shrek, Donkey and Fiona. They are joined by Zendaya as Shrek and Fiona’s daughter Felicia, with Marcello Hernandez and Skyler Gisondo voicing her brothers Fergus and Farkle, the triplets last seen as babies in “Shrek Forever After.” All three grown and worked into the story is a clear signal the film is building around a next-generation hook.

Walt Dohrn and Conrad Vernon direct, with Brad Ableson as co-director, and Gina Shay and Illumination chief Chris Meledandri produce. “Shrek 5” opens June 30, 2027, which lands it 17 years after “Shrek Forever After” and 26 years after the original.

For a first trailer this is a confident introduction. It reintroduces the core voices, sets up the new players, gets its biggest visual question out of the way with a joke, and promises a larger scope than the swamp has seen before.