Wait. It says it cost 150 million including ad expenses, and gained 208 million. Where did the losses come from?
What the poster above said. They only get a % of the box office. Most in domestic, less overseas and least in China. Also varies by time early in the movies run the studio gets more latter theatres get a larger %.
HAT had superbowl ads apparently so wasn't done on the cheap but probably cost 50-100 million.
So
Cost of production 150 million (151 iirc)
Marketing 50-100 million. Total
Income
210 million approx
Theatres cut (approx) 105 million
105 million to the studio.
200-250 million total cost 105 million at the box office.
Another approximation (if marketing budget is unknown) is multiply the production cost by 2.5 for a movie to be a hit. That covers the theatres cut. Then it's assumed the back end covers the marketing budget.
If the movie overperforms a lot domestically the 2.5 can be lowered to X2, if it overperforms by a lot internationally X3.
If the marketing budget is known its production costs+marketing X2 for approximate amount.
It's an approximation and doesn't work on low budget movies and isn't that accurate but if a movie doesn't even come close to X2 it's budget at the BO it's generally reported as a flop.
If it doesn't make its budget it's often a bomb.
HAT didn't get close to 300 million with various estimates I've seen for its break even point being around 375 million and up.