
The CW Network has seven of their scripted offerings for next season.

Consistency
The joint Paramount/WarnerMedia network has a well-earned reputation for early renewals. This seems due to the distribution deals in place for many of the shows that air first here. That means that US viewer numbers are often not the most important factor for keeping a show around.
The shows that will be returning next season are All American (Season 5), The Flash (Season 9), Superman & Lois (Season 3), Riverdale (Season 7), Walker (Season 3), Kung Fu (Season 3) and Nancy Drew (Season 4).

Seven renewals all at once may sound huge when compared to the trickle effect seen on other networks but this is less than usual for the CW. Some of that may be due to the correction after Covid which still effects schedules even now. The bigger factor though may be the uncertain status of the network itself.

The Future of The CW Is Unclear
Paramount and WarnerMedia are reportedly looking to sell the network. Once sold the network would likely be embarking on a new direction in terms of content. That could lead to a lot of cancellations or if those fans are lucky moves to new networks for those shows. HBO Max for instance has shown Stargirl in the past and Superman & Lois but it seems likely in that kind of shake up that some shows will fall through the cracks.
“As we prepare for the 2022-23 season, these scripted series, along with the alternative series we renewed earlier, will serve as the start of a solid foundation utilizing some of our most-watched series for us to build on for next year and beyond. These dramas are also important to our overall digital strategy, as they are some of our most-streamed and socially-engaged programming, and we look forward to adding more new and returning series to help strengthen and expand our multiplatform footprint.”
CW Chairman and CEO Mark Pedowitz
SOURCE: Tvline.com