The Marvels flopped as the lowest-grossing opening weekend in the 15 years since the release of the original Iron Man.
The latest female-led Marvel Cinematic Universe film opened to $47 million domestically and was just under $100 million worldwide.
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The movie was Brie Larson's return to the big screen as Captain Marvel, alongside Samuel L. Jackson as Nick Fury and Disney+ stars Teyoniah Parris and Iman Vellani, who star in the Disney+ series WandaVision and Ms. Marvel.
The original Captain Marvel received criticism for its efforts to push "more diversity and inclusion."
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Larson had previously turned off legions of fans when she suggested during an interview that her critics were sexist and racist.
"I started paying attention to what my press days looked like and the critics reviewing movies, and noticed it appeared to be overwhelmingly white male. So, I spoke to Dr. Stacy Smith at the USC Annenberg Inclusion Initiative, who put together a study to confirm that. Moving forward, I decided to make sure my press days were more inclusive," she said.
The Marvels director Nia DaCosta recently added comments about race in a Vanity Fair interview.
“Sometimes as a Black woman, you realize that [people think] you take up more space than you actually do, or your voice sounds louder to people than it actually is, or your tone is more stern than it actually is,” she said.
DaCosta continued, “The thing that I’ve been most surprised by lately is how much respect I’m getting from these middle-aged white dudes that I work with."
A Forbes writer speculated about whether superhero films are fading in popularity.
"Are we finally tired of superheroes?" Mary Whitfill Roeloffs wrote in Forbes.
She added, "Experts have said audiences are becoming disenfranchised with the big-budget films in an industry-wide phenomenon dubbed 'superhero fatigue' that has seen recent releases like Eternals (2021), The Flash and Shazam: Fury Of The Gods fall short of expectations."
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A piece by Indiewire called Captain Marvel's "cute sidekicks" too "formulaic."
Aquaman and the Lost Kingdom, starring Amber Heard and Jason Momoa, is slated to be released on Dec. 22.