This movie has barely broken even to marginally profitable. It made less than the Grinch on a bigger budget, less than Ralph 2 and barely more than LEGO batman which was also made for less and was considered a big disappointment. It has also made HALF the lowest grossing "worse" Spider-Man movie.
It isn't a flop, per se, but it is definitely a financial disappointment, especially for a "Spider-man" movie, despite the over hyped foaming at the mouth rave reviews.
Yes, this should have been a ~$30MM budgeted direct to video/pay per view release.
-J.