Its not 10 outright failures in a row, but they've been doing poorly for most of 2023.

Keep in mind that ~2X the official production budget is roughly the minimum threshold for a movie to break even, after factoring in marketing and the theater take:

Elemental was a modest success earning $495.9M against a $200M budget.

The Little Mermaid maybe barely broke even at $569.6M against a $297M budget.

Indiana Jones bombed hard, earning $384M against a $300M budget.

The Marvels is trending towards about $200M against a $274.8M budget.

Wish opened terribly this weekend, pulling in $49M in its first weekend against a $200M budget (will likely finish between $120-150M)

Edit: Forgot about Haunted Mansion, earning $117.5M against $150M.