Momoa pitched a story for an Aquaman sequel during production of the first film. Wan did not want to rush a sequel but agreed in January 2019 to oversee development. Johnson-McGoldrick signed on to return as screenwriter a month later, and Wan was confirmed to be returning as director in August 2020. He said the film would expand on Aquaman's worldbuilding, have a more serious tone, and feature themes such as climate change. It is a buddy comedy between Aquaman and Orm, and was inspired by the Silver Age of Comic Books with a retro science fiction vibe similar to the works of animator Ray Harryhausen and the horror films of the 1960s, specifically Planet of the Vampires (1965). Wan announced the sequel's title in June 2021, ahead of the start of filming at the end of the month. Filming concluded in January 2022, taking place in the United Kingdom, Hawaii, Los Angeles, and New Jersey, with additional filming in New Zealand.
Aquaman and the Lost Kingdom premiered at a fan event at the Grove, Los Angeles on December 19, 2023, and was released in the United States on December 22. The film received generally negative reviews from critics and grossed $434 million worldwide against a production budget of $205–215 million.
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