A24's "Backrooms," the viral horror hit directed by 20-year-old Kane Parsons and adapted from his YouTube series on liminal spaces, opened to a record $81 million domestically last weekend on a modest $10 million budget, but its second frame is tracking sharply lower at around $25-26 million amid a projected 68-70% drop. Trader consensus for sub-$50 million reflects the film's heavily frontloaded appeal to a young audience (81% under 35) and the typical rapid decline for event-driven, non-franchise horror releases with limited repeat viewership. Strong word-of-mouth or unusually weak competition could support a milder hold, yet current presales, theater counts, and historical patterns for similar A24 originals make a surge past $50 million highly improbable.