Teenage Mutant Ninja Turtles 2 producer Andrew Form said to Collider that the sequel film Out of the Shadows didn’t make that much money and a third film is unlikely.
What’s weird is when I heard about the first movie I wasn’t too excited for it and didn’t like the look of the turtles (still don’t), but after seeing the movie I actually enjoyed it, then when they announced the sequel and said Krang, Bee-Bop and Rocksteady were going to be in it and I got really excited. Then I saw it and I was like “meh”. In spite of all the fan service it had it wasn’t that much fun.
So maybe not a third one in this series, I guess we can hope when this gets rebooted (five years top) it isn’t done by Michael Bay and is more Turtles and less April and oh god Vern and worse this whiny lame ass Casey Jones.