SUPERMAN: New Report May Clear Up Whether The First DC Studios Movie Turned A Box Office Profit

SUPERMAN: New Report May Clear Up Whether The First DC Studios Movie Turned A Box Office Profit

Much has been said about Superman's budget, and whether the movie was able to turn a profit, despite it being the year's biggest superhero hit. A new breakdown may set the record straight once and for all.

By JoshWilding - Oct 08, 2025 12:10 PM EST
Filed Under: Superman
Source: Forbes

Superman's box office run ended after 84 days. However, we got a surprisingly early Digital debut on August 15, barely a month after the Man of Steel had swooped into theaters on July 11. 

The first DC Studios movie has since premiered on HBO Max, and recently landed on 4K Ultra HD, Blu-ray, and DVD. Combining $354,184,465 million from the North American box office and $261,100,000 from international ticket sales, Superman's theatrical run ended with a total of $615,784,465. That makes it the highest-grossing superhero movie of 2025, leaving The Fantastic Four: First Steps in second place. 

It's previously been reported that Superman had a $225 million production budget, with an additional $125 million spent on marketing. So, was the reboot a hit? 

"Given that films generally split their ticket sales 50-50 with theater owners, this means that Superman’s theatrical net equates to nearly $308 million," Forbes explained in a recent financial breakdown. "The amount, of course, does not reflect any residuals that are being paid out or other miscellaneous expenses associated with the film."

"Even going with the $308 million before taking the other expenses into account," the site continued, "Superman’s net falls below the $350 million Warner Bros. spent on the production of the film and marketing."

So, chances are Superman didn't make a profit from theatrical revenue alone. However, when various ancillary sales, merchandise, Digital, and physical media sales are taken into account—not to mention HBO Max subscriptions—Superman has almost certainly made money for Warner Bros. Discovery and DC Studios. 

Crucially, the movie was well-received by fans and critics, and has been widely hailed as a much-needed return to form for the DC brand in theaters, following disasters like Black Adam, The Flash, and Joker: Folie à Deux.

Next up for the character is Man of Tomorrow, a Superman sequel which will see the hero team up with Lex Luthor to take on a greater threat believed ot be Brainiac.

When Superman gets drawn into conflicts at home and abroad, his actions are questioned, giving tech billionaire Lex Luthor the opportunity to get the Man of Steel out of the way for good. Will intrepid reporter Lois Lane and Superman's four-legged companion, Krypto, be able to help him before it's too late?

The movie stars David Corenswet in the dual role of Superman/Clark Kent, Rachel Brosnahan as Lois Lane and Nicholas Hoult as Lex Luthor.

Also appearing are Edi Gathegi, Anthony Carrigan, Nathan Fillion, Isabela Merced, Skyler Gisondo, Sara Sampaio, María Gabriela de Faría, Wendell Pierce, Alan Tudyk, Pruitt Taylor Vince, Neva Howell, and Milly Alcock.

Superman is now available on HBO Max, Digital, and 4K Ultra HD, Blu-ray, and DVD.

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epc1122
epc1122 - 10/8/2025, 12:15 PM
So pretty much what’s already been said or discussed about. Made money but not necessarily through the box office and enough of a profit to warrant a continuation of the story.
thedrudo
thedrudo - 10/8/2025, 12:17 PM
@epc1122 - Don’t worry, we’ll get a handful of new articles and more online fighting about the box office and DCU’s future.
bobevanz
bobevanz - 10/8/2025, 12:41 PM
I'd argue the article because if you know the production budget and you add the marketing budget times 1.5 (2.5 is if you only know the production budget), the profit area is after 525 million. Also the studio makes closer to 90% for the first two weeks and over time the theater eventually gets to that 55% share. It's amazing how Forbes leaves out that significant part considering the most money is made in the first two weeks. So either way this did make a profit in the theatrical run. Regardless, it's the first time in 17 years DC beat Marvel. That's a big deal lol
spr0cks
spr0cks - 10/8/2025, 12:54 PM
@bobevanz -
Yes, we should go with your "expertise" on how studios and theaters calculate their revenues and splits rather than with the opinion of Forbes (**checks notes**)...."financial magazine",....whose only claim to notoriety is doing financial analysis and calculating finances, wealth and monetary matters affecting companies and individuals.

That makes sense.

User Comment Image

The movie flopped at the theaters just like most of us (with any lick of common sense and not glazing Gunn) said it did and now it's being confirmed by an essentially independant authority on the matter with no ax to grind with either WB or Gunn.

It's made its money back and a tidy profit for WB in streaming and ancillaries, and now you're getting a sequel.
....just like the DCEU after Man of Steel (....which didn't in fact, flop at the box office)..

Take the "W" (if you can call it that) and quit embarrassing yourself like this.
ElJefe
ElJefe - 10/8/2025, 1:52 PM
@spr0cks - The guy writing the article is an entertainment reporter and a movie reviewer, not a financial analyst.

Also, you should read the full article and take more notes, because later on he writes that he has no idea if it’s going to turn a profit overall or not.

But, yeah, I’m calling it a W, my man. I loved the film.
Apophis71
Apophis71 - 10/8/2025, 2:00 PM
@bobevanz - I've never read anyone ever say the studio gets a 90% cut in the first two weeks, it does start out higher but can vary a lot depending on the deal struck by studios from what I have heard said before BUT, and it's a big BUT that still only applies to domestic BO and not international ones.

ALL of that said I've been saying for years now studios will increasingly being looking at BO to cover some of the costs not all these days as there is a far higher profit margin with digital sales and audience trends are increasingly moving towards digital and streaming not BO.

As such I still hold that best rule of thumb is a film does fine is it hits 2.5x or more reported production budget even if good reasons not to trust those numbers. However increasingly it won't be the end of the day if any film fails to hit that IF it is well recieved as increasingly could make more with digital sales/rentals for a studio than ever likely at the BO sadly.
JackDeth
JackDeth - 10/8/2025, 2:14 PM
@bobevanz - How do you account for the massive amount of revenue gained from the synergistic marketing brand deals (Purina, LUCKY, GAP, Fossil, Reebok, Kith, Crocs, FUNKO, Keebler, Chuck E. Cheese, Samsung, etc.), of which this film reportedly had more than any other WB production in the last decade at least. I feel like adding the 'marketing budget' creates for an erroneous number in this case, don't you?
spr0cks
spr0cks - 10/8/2025, 2:37 PM
@ElJefe -
Which part should I read again for more clarity that wasn't already clear from what he wrote.

Based on all we know regarding it's (reported) production cost and (estimated) marketing cost measured against what we know for a fact it made at the box office ($614 Million) - and using the industry standard multipliers and theater/studio splits,...... the movie did in fact,......flop.

i.e....fail to break even.
i.e......fail to make a profit.

AT THE BOX OFFICE.

Whether or not it made money after the fact, after its box office run through ancillaries and streaming/VOD revenues is another question altogether.
He speculates it did.
Fair enough.

Nobody argued the possibility or likelihood that this would happen.
It's just funny that this now has to be held as a footnote to its profitability discussion when the same is not done for the other comicbook movie box office "flops" we had this year.

Good for you that you got your W and your sequel.
But the facts are what they are.
epc1122
epc1122 - 10/8/2025, 2:45 PM
@thedrudo - pretty ridiculous if you ask me. Same nonsense but different day.
rkshuttleworth
rkshuttleworth - 10/8/2025, 3:21 PM
@epc1122 - lol, not enough to warrant a continuation? Movie theaters aren't the measure anymore
epc1122
epc1122 - 10/8/2025, 3:42 PM
@rkshuttleworth - don’t mean to come off rude but does this post refer to something i wrote? I don’t think the box office for a big ip like Superman is the only indication for the movie being successful.
ElJefe
ElJefe - 10/8/2025, 3:50 PM
@spr0cks - “based on all we know” is information used to formulate a theory, or at best, an assumption. Not “facts” as you’ve stated. Your “financial magazine” used numbers from other magazines and just came up with the same “probably” assumptions that everyone else did. They site the sources in the article.

I’m not arguing the numbers, just your argument that you are factually correct and that Forbes has proven those facts.

But I get that it’s fun for some of you to compare the new Supes with MoS, but don’t expect to spam the site without somebody calling you on your nonsense once in awhile.
JoeCanuck
JoeCanuck - 10/9/2025, 1:02 PM
@Apophis71 - Box office split is done by agreement for each film but, generally, studios average 70-80% of the box office for the first two weeks, and then it drops to 50% by the end; with shorter windows for movies, cinemas are making up the differences in concessions and selling advertising during the pre-show. Internationally, studios start at 90%, and often keep that rate because the studios own or are in direct partnership with the theatres showing the film.

So if Superman earned 122 million domestically and 95 million internationally in the first weekend, WB took home at least (because I'm hedging to the low end) 90 million domestically and 76 million internationally – that's 166 million in weekend one alone. Week two was 57-58 million, which adds another 43 million, bringing the revenue to just over 200 million.

Or, if you look at where it was at the end of the third week ($289.5 million and its international gross at $213.2 million), then 60% of the domestic and 75% of the foreign by the least calculation is over $322 million for WB. That's very close to the $350 million and it's not the final total for the box office run either. AND that's before ancillary deals with the theatres on specialised cups and popcorn buckets, so the movie did make money at the box office.

There's a definite push by some writers — including "financial experts" — to portray WB/DC as a loser.
Apophis71
Apophis71 - 10/9/2025, 1:34 PM
@JoeCanuck - Have heard of the 70% share, in terms of domestic at least, never heard of a 90% share and mostly heard they get far less a cut from international (certainly from markets like China anyway). Even if a studio owned majority shares in internation theatres they would have the additional costs for running those to take into account before it got back to the actual film production side after all thus the maths gets MORE fuzzy not less.

Whichever, not going to debate what I don't have hard facts on, I'm not under any illusions that the film most likely will turn a profit just no clue with certainty if they managed that at the BO alone or since simply as I don't trust ANY reported figures unless I know ALL the underlying facts arriving at them and Hollyweird always keeps things intentionaly fuzzy at best :D

I TEND to feel, after past track record with releases however that a budget cap around $225M if anything is high for WB/DC thus TEND to have more trust in it being more likely close to the mark than not. Why? Cos when the studio has had so many low BO returns from multiple DC IP's in recent years and where MoS landed I find it hard to believe they'd risk much more than that even with Superman, with Batman MAYBE but...

Thus going by the old measure of 2.5x budget I feel it is more likely than not it passed the break even point at the BO, not by a lot but most likely into profit prior to digital sales/rentals.
Will44482
Will44482 - 10/8/2025, 12:18 PM
They wouldn’t have greenlit a sequel if the movie was the huge failure Snyder cultists pretend it is
spr0cks
spr0cks - 10/8/2025, 12:56 PM
@Will44482 -
Man of Steel got a sequel too.

It just happens that it wasn't called Man of Steel 2..........just like Superman 2025's sequel.

But unlike Superman 2025, it didn't need to wait until streaming release and ancilliary sales to make a profit for WB.

It did that shit at the theaters while it was still playing.
Will44482
Will44482 - 10/8/2025, 1:06 PM
@spr0cks - it didn’t claim Man of Steel didn’t get a sequel but it released during the height of superhero movies any superhero movie that was somewhat decent was making money. if Superman had been released then it would have made more than Man of Steel did.
spr0cks
spr0cks - 10/8/2025, 1:15 PM
@Will44482 -

RE : >>>" it didn’t claim Man of Steel didn’t get a sequel but it released during the height of superhero movies any superhero movie that was somewhat decent was making money. "

Deadpool and Wolverine was released LAST YEAR and made over $1.3 Billion at the Box office.

And 'The Batman' was released DURING COVID.....and when the second biggest movie market in the world in China was totally locked down...
.....and it still managed to make over $160 Million more than Superman 2025.


Sooo.......
rkshuttleworth
rkshuttleworth - 10/8/2025, 3:24 PM
@Will44482 - all Snyder cultists? What about Marvel tribalism or people who just want to justify DC hate in general?
Zupernova
Zupernova - 10/8/2025, 7:29 PM
@spr0cks - The Man of Steel sequel threw in Batman because they didn't trust Superman with a standalone movie after the mixed reviews.

Deadpool & Wolverine made a billion dollars because of nostalgia of bringing back Hugh Jackman's Wolverine, just like No Way Home brought back the old Spider-Men.

The Batman was explicitly a standalone movie that had no pressure of holding up a cinematic universe. Also, Batman is the most popular superhero ever. There was a mid-budget Joker movie without Batman, and it still made a billion dollars.
spr0cks
spr0cks - 10/8/2025, 8:10 PM
@Zupernova -


RE : "The Man of Steel sequel threw in Batman because they didn't trust Superman with a standalone movie after the mixed reviews."


I absolutely love that you're saying this in defense of a Superman movie in 2025 that had....how many other "main" characters.....again?...

.....and one in which Sueprman was essentially reduced to 4th tier status in his own movie.

Brilliant!

The lack of self-awareness is so delicious, you could almost taste it.

RE : >>>"Deadpool & Wolverine made a billion dollars because of nostalgia of bringing back Hugh Jackman's Wolverine, just like No Way Home brought back the old Spider-Men."

I'm sorry, I was under the impression that Superman was a bigger character and much more well-known name in comicbooks and comicbook movies than either Deadpool or Wolverine - two characters in this case whose prior movies had never come close to making a billion at the box office.

But sure...

Nostalgia.

Premium copium there.

RE : >>>>"The Batman was explicitly a standalone movie that had no pressure of holding up a cinematic universe."

So you missed the part where I noted that it was released during the biggest pandemic in a century when half the world was scared to go out into crowded places like theaters, I guess.

Cool. Cool. Cool.

RE :"Also, Batman is the most popular superhero ever."

Nope.
That would be Spider-Man.
And it's not even close.


RE : "There was a mid-budget Joker movie without Batman, and it still made a billion dollars."

Also released after the so-called "height of superhero movies" when all you needed was a superhero in the movie (it didn't have one) to make a ton of money.

Thanks for reminding us of that.
And also that you don't need to have 4 or 5 major supporting characters to prop up your main hero in his solo movie to make bank at the box office in the post-covid era.


Zupernova
Zupernova - 10/8/2025, 10:08 PM
@spr0cks - Hawkgirl, Guy Gardener, & Mr. Terrific are NOT main characters. They are side characters. They have less screen time than Superman. In BvS, Batman has as much screentime as Superman.

How is Superman 4th tier status? The entire plot revolves around HIM: stopping the war in Jarhanpur, the message from HIS parents, giving himself up to Lex to find Krypto, and beating all the supervillains Lex throws at him (aside from the kaiju, but that's only because he didn't want to kill it immediately).

The Justice Gang does help, but they aren't BETTER than him. In fact, they only help Jarhanpur in the 3rd act because Superman asked them to, since they initially refused to go against the US government (aside from Mr. Terrific). Mr. Terrific does a lot, but he is still a side character with less screentime and focus.

Superman is more well-known, but Zack Snyder ruined his reputation in the eyes of moviegoers. Meanwhile, the MCU created a positive reputation, especially people who don't read comics. That's why the 2012 Avengers movie made more money than EVERY SINGLE DCEU MOVIE.

Venom released around the same time as Joker (during the "height of superhero movies"). Both movies are about supervillains without the main superhero, and Joker made more money. So yes, Batman is bigger. At the very least, he's the most popular DC superhero.

The Justice Gang was not there to prop up the movie. Guy Gardener isn't even the most popular Green Lantern, so your argument makes no sense. It was actually the opposite: Gunn used the movie to prop up those lesser known characters.
KennKathleen
KennKathleen - 10/8/2025, 11:44 PM
@Will44482 - Yes, they would. It seems like pumping out 🐃💩 is trendy in Hollywood. They'll likely make the sequel worse, make less money, and celebrate it like it's better than TDK.

User Comment Image
Apophis71
Apophis71 - 10/9/2025, 1:44 PM
@Zupernova - I'd even go as far as saying throwing in all those side characters non nerds likely would know little about would be more likely to put the GA OFF watching a Superman film than help at the BO. I am not saying that with any certainty on the thing but the idea they were there to ADD interest runs counter to how most of us actual nerds who DO know about them were saying prior to release so cannot see how it would gets more non-nerd butts in seats after the last few years of DC content (esp after Black Adam that did something similar all be it with a FAR lesser known lead character).
spr0cks
spr0cks - 10/9/2025, 7:25 PM
@Zupernova -

RE : "Superman is more well-known, but Zack Snyder ruined his reputation in the eyes of moviegoers."

Yeah, he ruined his reputation so much that it was a breeze for James Gunn to make a Superman movie 12 years later that wiped the floor with Man of Steel's box office gross - with more people going to see it than saw Man of Steel.

Oh wait....

But I guess now is the part where you recycle the excuse that Man of Steel only made more money than Superman 2025 was capable of making because somethingsomething "...it was made in when comicbook movies were more popular...."....
...even though you're still incapable of explaining why it is then that a Deadpool and Wolverine movie made just LAST year was able to make over a billion at the box office.

Also, Man of Steel got the same A- Cinemascore as Superman 2025 did - i.e. what moviegoers rated it after leaving the theater.
So he couldn't have ruined its reputation THAT badly.

Carry on...


RE : >>>"Meanwhile, the MCU created a positive reputation, especially people who don't read comics. That's why the 2012 Avengers movie made more money than EVERY SINGLE DCEU MOVIE."

Might have more to do with the fact that Marvel did a better job building up to the Avengers than the rushjob that WB wanted or tried to forced Snyder into in getting to a Justice League movie, and less to do with Snyder ruining any Superhero's reputation.

Tyler Hoechlin was able to star in a successful and well-beloved 'Superman and Lois' TV show that succesfully ran for 5 seasons up until James Gunn had it cancelled last year before his movie was released - and some 6 years after Zack Snyder had supposedly ruined Superman's reputation that people no longer liked the character that much.

So he couldn't possibly have ruined its reputation THAT badly.

But whatevs...

RE : >>>"Venom released around the same time as Joker (during the "height of superhero movies"). Both movies are about supervillains without the main superhero, and Joker made more money. So yes, Batman is bigger. At the very least, he's the most popular DC superhero."

Are you seriously comparing the Venom as a character to The Joker in trying to explain how the latter's solo movie made more money than the former?

Venom is nowhere near as well-known or as popular a character - even WITHIN the Spider-Man gallery of rogues and villains as the Joker is well-known as one of Batman's foremost foes.

Besides which, whatever happened to the explanation that the simple reason The Joker made more money (and won more ACTUAL awards.....you know...the kinds of awards that no Batman movie has ever won, like Academy Awards) was simply because The Joker was a much better movie an superior in every respect versus the very obvious cashgrab for Sony that all Venom movies have been.

Dude.

You really do make some silly arguments sometimes.


And Again.....NO.....Batman is NOT the most popular superhero character in the world.

Spider-Man is and no other superhero character comes close - not even in the MCU or in Marvel writ large.
By orders of magnitude.

There's statistical and financial data that backs up this FACT.

Batman may be the most popular character in the DC superhero, and perhaps that the claim you should have made and stopped there.
But that's not saying much.

And it still doesn't explain how a The Batman movie was STILL able to make almost $160 Million more in a PANDEMIC than Superman 2025 did during none.
Not just the character's popularity.
MuadDib
MuadDib - 10/8/2025, 12:20 PM
As long as it was successful enough that they can continue work on the greater DCU and eventually push out a DCU Batman which is all I care about. Reeves and Pattinsons Batman just isn’t my cup of tea. Looking forward to a more fantastical Batman, preferably in a grey and blue suit or black and grey.
LenSpiderman
LenSpiderman - 10/8/2025, 1:02 PM
@MuadDib - as long as he’s not anything like Afleck’s Batman in the Flash movie. Double woof. But there are so many Batman vibes that haven’t been explored. It’s like the movies go dark and gritty or campy and corny. The animated series did a good job of making the entire bat universe feel cohesive from cat burglars and mobsters to mud monsters and giant bat creatures to ventriloquist themed killers.
MuadDib
MuadDib - 10/8/2025, 3:21 PM
@LenSpiderman - 100% agree, BTAS is the definitive take, and the closer a live action version can get to that the better. Big shoes to fill, but as they say, always shoot for the moon.
Malatrova15
Malatrova15 - 10/8/2025, 12:24 PM
Oh yes that movie where a winged evil woman kills a chief of state for no reason other than defend His country AND the leads to a HBO series of orgies AND name falling portraying a good América as nazi
foreverintheway
foreverintheway - 10/8/2025, 12:48 PM
@Malatrova15 - well at least it's consistent since current (bad) America is also nazi now.
Malatrova15
Malatrova15 - 10/8/2025, 1:12 PM
@foreverintheway - how daré you call América that..this country fought to Smash the nazis, ITS non sense to call América nazi when we stand for what Is rigth ..for people like you that...that person killed that young ukranian refugee. Lets stop división now
lazlodaytona
lazlodaytona - 10/8/2025, 3:26 PM
@Malatrova15 - I'm pretty sure G.I. Robot did that.
MaxPaint
MaxPaint - 10/8/2025, 3:31 PM
@Malatrova15 - Sounds like Jimmy Gunn written cluster[frick] alright.
Zupernova
Zupernova - 10/8/2025, 7:34 PM
@Malatrova15 - That "chief of state" wanted to INVADE a country and kill every man, woman, and CHILD inside of it! And you think she did it for no reason?
Malatrova15
Malatrova15 - 10/8/2025, 7:54 PM
@Zupernova - thats what you said ... if you read the comics of JLA Jaranpurh has a history of hostility and dictatorships against occident...Boravia claimed It was defending themselves from this , also that land was promised to them 300 gazillion years ago ...AND even if dont extrajudicial killings aré a Crime in Any case Gurkov should stand trial to see if he Is really the monster the media wants us to belive. Think for one second
Zupernova
Zupernova - 10/8/2025, 10:13 PM
@Malatrova15 - Defending yourself means protecting your borders, not invading and killing every man, woman and CHILD. And if the land was promised, then that means they aren't defending themselves: they're attacking.
Malatrova15
Malatrova15 - 10/8/2025, 10:18 PM
@Zupernova - did you know Jaranpurh orquestated an attack on sovereign countries AND kidnap several persona...Again read a cómic before talk
Zupernova
Zupernova - 10/8/2025, 10:48 PM
@Malatrova15 - That is still not a good reason to KILL. CHILDREN. But that is exactly what the Boravian president asked them to do.
Malatrova15
Malatrova15 - 10/9/2025, 12:17 AM
@Zupernova - he doesnt kill children..the terrorists aré hiding in schools AND hospitales...Let that sink out
McMurdo
McMurdo - 10/8/2025, 12:27 PM
it's getting a sequel so.
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