"Transformers: The Last Knight" (2017) is generally considered a box office flop relative to its budget and expectations. Despite grossing over $605 million worldwide, it was the lowest-grossing film in the Transformers series and underperformed critically, receiving negative reviews for its convoluted plot and character development. The film had a production budget of around $217 million, which, when combined with marketing costs, meant it didn't meet the financial success anticipated by its producers.

"Transformers: The Last Knight" did not receive a direct sequel primarily due to its underwhelming box office performance and critical reception. While it grossed over $600 million globally, it was significantly lower than previous entries, leading Paramount Pictures to reconsider the franchise's direction. Additionally, the film's complex plot and lengthy runtime alienated some audiences. Instead, the studio shifted focus to a reboot with "Bumblebee" (2018), which received better reviews and aimed to revitalize the franchise.

In "Transformers: The Last Knight," the title "The Last Knight" refers to Sir Edmund Burton, played by Anthony Hopkins. He is a historian and guardian of the secrets surrounding the Transformers' history on Earth. The film reveals that Transformers have been present throughout human history, with Burton being a key figure in understanding their legacy. The story intertwines the past with the present, emphasizing the importance of knights in both human and Transformer lore, as well as Burton's role in protecting this knowledge.

"Transformers: The Last Knight" received mixed reviews from critics and audiences. It features impressive visual effects and action sequences typical of the franchise, but many felt the plot was convoluted and lacked depth. If you're a fan of the Transformers series and enjoy large-scale action and sci-fi spectacles, you might find it entertaining. However, if you prefer a strong narrative and character development, it may not meet your expectations. Ultimately, it depends on your personal taste in films.