‘Joker: Folie à Deux’ Projected to Lose Up to $200 Million

The sequel to 2019’s hit Joker, titled Joker: Folie à Deux, has drastically underperformed at the box office, leaving Warner Bros. facing a significant financial loss of $150 million to $200 million. Despite high expectations and a star-studded cast including Joaquin Phoenix and Lady Gaga, the film’s unique musical tone and dark themes failed to attract wide audiences.

Industry analysts point to “superhero fatigue” and a crowded release schedule as contributing factors to its poor performance. Competing films like Deadpool and Wolverine captured more attention, outperforming Joker: Folie à Deux both domestically and internationally. The movie also struggled with audience engagement, receiving lukewarm reviews.

Though Warner Bros. hoped the film would replicate the original Joker’s success, the riskier creative choices did not resonate with moviegoers. This underwhelming reception raises questions about the sustainability of Warner Bros.’ strategy in the comic book movie space.

Some critics suggest that Joker: Folie à Deux may mark a turning point, pushing studios to rethink ambitious projects with niche narratives. Warner Bros. now faces tough decisions regarding future standalone sequels in the DC universe.