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‘The Bad Guys 2’ Opened Ahead of Pixar’s ‘Elio’—at a Lower Reported Budget

The Bad Guys 2 edged Pixar’s Elio by about $1.16 million on opening weekend, despite its lower reported production budget. Elio’s reported budget estimate ranged as high as $200 million, but box-office figures alone do not establish a net loss.
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The Bad Guys 2 narrowly beat Pixar’s Elio at the North American box office on opening weekend, taking in about $22 million versus about $21 million. The comparison is striking because The Bad Guys 2 had a reported $80 million production budget, while estimates for Elio ranged from $150 million to as high as $200 million. That makes Elio an underperformer by Pixar’s usual opening-weekend standard—not a film whose precise financial loss can be established from these figures.

Which Pixar movie did The Bad Guys 2 beat?

The comparison is with Elio, Pixar’s original animated film. Both films opened in North America in 2025, and The Bad Guys 2 posted the higher domestic opening weekend. The figures below use The Numbers’ listed totals; Associated Press reports from the weekends rounded them to about $22 million and $21 million, respectively.

Film Domestic opening weekend Reported production budget
The Bad Guys 2 $21,995,715, according to The Numbers’ 2026 listing $80 million, according to The Numbers’ 2026 listing
Elio $20,840,667, according to The Numbers’ 2026 listing $150 million, according to The Numbers’ 2026 listing

The difference in opening grosses is $1,155,048—about $1.16 million. That is a modest edge, not a blowout. The Associated Press described The Bad Guys 2’s opening as roughly $22 million from 3,852 North American theaters and Elio’s as roughly $21 million.

Was Elio really a $200 million movie?

Not as a confirmed figure. The Numbers lists Elio’s production budget at $150 million, and the Associated Press reported that Disney and Pixar spent at least that much making the film. The Los Angeles Times described the reported estimate as between $150 million and $200 million. The upper end should therefore be presented as a reported estimate, not a settled budget: Los Angeles Times, 2025.

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The $80 million figure for The Bad Guys 2 is also a reported production budget, listed by The Numbers. Comparing these estimates helps explain why the two openings carried different stakes, but it does not by itself measure either film’s profitability.

Why was Elio called a box-office bomb?

“Bomb” is shorthand for an opening that fell short of expectations relative to a film’s cost and the studio’s track record. The Associated Press called Elio Pixar’s lowest opening at the time. Movie consultant David A. Gross told AP: “These would be solid numbers for another original animation film, but this is Pixar, and by Pixar’s remarkable standard, the opening is well below average.”

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That describes a disappointing launch, not a proven net loss. The available opening and budget figures do not include all relevant costs, such as marketing, or the share of ticket sales retained by theaters. They also do not account for later theatrical play or revenue from other distribution windows. A box-office gross is not the same as money returned to a studio, so these figures cannot establish an exact loss.

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How did The Bad Guys 2 perform after opening?

The Numbers lists The Bad Guys 2 at $82,593,605 domestic and $240,888,329 worldwide. Its opening weekend was about 26.6% of its final domestic gross, a calculation from those listed totals. The film’s early international rollout brought in $16.3 million from 58 markets, contributing to a reported $44.5 million global opening-weekend total; those were early figures, not its final worldwide gross.

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Its debut also tracked close to the first Bad Guys film’s 2022 opening. The Numbers lists that earlier film’s opening at $23,950,245, with a $97,787,945 domestic gross and $251,270,375 worldwide gross. The Associated Press rounded its opening to $23 million and placed The Bad Guys 2 second in North America for its debut weekend.

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What the comparison does—and doesn’t—show

  • The Bad Guys 2 opened about $1.16 million higher domestically than Elio, based on The Numbers’ listed opening grosses.
  • The Numbers lists an $80 million production budget for The Bad Guys 2 and $150 million for Elio; separate reporting placed Elio’s estimate as high as $200 million.
  • Elio’s opening was unusually weak by Pixar’s standard, but the comparison does not prove a specific financial loss.
  • The Bad Guys 2 ultimately grossed about $240.9 million worldwide, which is ticket sales before accounting for theater shares and other costs—not studio profit.

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