It's a $250M production budget. Normal break even for theatrical is 2-2.5X the production budget. With this open, especially overseas, it's looking like Mermaid will struggle and come under $500M WW. There is nowhere left to open except Japan, and since Covid, Disney has made nothing there.
This could be a $450Mish WW grosser, and thus a real disappointment for Disney corporate who will have to wait for after market to see this turn a profit.
It is what it is. The INT number is under Dumbo's opening weekend. That's the perspective.
Dumbo was
Box office Mar 29, 2019 $45,990,748 DOM $114,766,307 WW
So, as you can see, $69M INT for a movie that did really poorly itself, although it did show a big turn around in Europe after OW, thus saving its INT number (while never turning around DOM)...