What were Disney’s expectations? Unless you work for Disney comments about “expectations” and “break even” numbers are pure speculation.
Um, I'm not making this stuff up. Go read some industry articles about it - it isn't "pure" speculation. It is based on Disney's own statements, corporate reports, and well-known industry standards.
For example, the "break even" number is really rather easy to deduce. We know the percentage of box office gross Disney takes in (which actually was big news in and of itself here), we know the approximate budget of the actual production, and how much has been spent on promotion - you realize, that analysts have entire jobs revolving around figuring this stuff out. They know how much a television ad costs to broadcast, and have the data regarding how many have been shown, etc.
It is far more than "pure speculation".
Ridiculous is suggesting the franchise is on a downward spiral after Rogue One, despite this Film doing better than that one.
Huh? Yeah, if it hadn't, then it would have been considered a total flop. You are way over-simplifying this and comparing apples to oranges.
I'm guessing if you are making that comparison, you don't follow this stuff that closely - because there are two types of films Disney is making with Star Wars. The Sequel Trilogy (Episodes VII, VIII, and IX) and then the "anthology" films (Rogue One, Solo). The expectations are vastly different for both.
TLJ compared to TFA doesn't appear to have the legs that TFA did. Some of this can be written away as "pent up demand" for TFA, but it is looking it is going to fall significantly shorter than it. And those old tropes of "sequels never do as well as the original" (including the absurd comparisons to ESB, LOL, which might as well be taught in ancient history at this point because that situation is so far removed from modern Hollywood) just isn't true anymore, either (as Marvel well-proves several times over). In this case, no one realistically could have expected TLJ to out-gross TFA, but if it really lands in the $1.3B range as it's looking right now, that's a big difference that can't just be written away.
And then you have Rogue One. Which exceeded expectations. It was never supposed to gross what a numbered film was going to. The next film to compare that to will be Solo. And while what happens with Solo really is just speculation at this point, looking at the evidence so far - it isn't pointing in the direction one would hope. It has the most troubled production history of any modern franchise film, the costs ballooned because of it, and we are five months out and Disney hasn't even produced a poster, let alone a trailer. It is also really questionable in terms of timing and content, but that's a larger subject better gone into elsewhere. We may be surprised, who knows. But it would have to be one heck of a shocker.
In any case, yes, certainly, TLJ out-grossed Rogue One. But if it ends up being closer to Rogue One ($1B) grosses than TFA grosses ($2B) as it is looking, again - no one at Disney is doing cartwheels in the office over that. Especially since they spent way more marketing TLJ than they did Rogue One.
It is being a bit dramatic to say "downward spiral", and Star Wars isn't going anywhere. It still was a great investment for Disney. However, we have likely seen the up-end of it, at least for the time being.