Produced by New Line Cinema, DC Films, and the Safran Company, and distributed by Warner Bros. Pictures, it is the sequel to Shazam!

Directed by David F. Sandberg and written by Henry Gayden and Chris Morgan, it stars Zachary Levi, Asher Angel, Grace Caroline Currey, Jack Dylan Grazer, Rachel Zegler, Adam Brody, Ross Butler, Meagan Good, Lucy Liu, Djimon Hounsou, and Helen Mirren.

Two years after Thaddeus Sivana's defeat,[b] Hespera and Kalypso, daughters of the Titan Atlas, break into the Acropolis Museum in Athens, Greece and steal the Wizard's broken staff.

The Shazamily enter the Rock of Eternity, where they encounter a sentient pen named Steve, in which they learn about the three daughters of Atlas, realizing that Anthea is none other than Anne to whom Freddy was going to meet.

Billy and the Shazamily attempt to save Freddy, but the daughters kidnap him and place an indestructible dome around the city, trapping everyone inside.

The Daughters argue as Hespera and Anthea want to use the Apple to revive their realm, while Kalypso wishes to plant it on Earth to destroy it.

Kalypso retrieves the Apple and uses it to plant the Tree at Citizens Bank Park, which spawns various monsters to attack the city.

Heeding the Wizard's words, Billy flies off to stop Kalypso, while the Shazamily enlists the help of unicorns to fend off the other monsters.

[15][16] Reprising their DCEU roles in the film while uncredited, Gal Gadot appears as Diana Prince / Wonder Woman,[17] alongside Jennifer Holland as Emilia Harcourt and Steve Agee as John Economos in the mid-credits scene, and Mark Strong as Dr. Thaddeus Sivana and director David F. Sandberg as the voice of Mister Mind in the post-credits scene.

Sandberg's wife Lotta Losten, who previously portrayed Dr. Lynn Crosby in the first film, cameos as a nurse who is saved by Shazam.

[23] Later that month, Michelle Borth, who portrayed the adult superhero form of Mary Bromfield in the first film, said she signed a five-picture deal for the role and was expected to return for at least one sequel.

[24] Zachary Levi confirmed in June that he was returning to star as Shazam in the sequel, and revealed that writing had begun ahead of a planned filming start in mid-2020.

[25] Sandberg and much of the first film's crew were confirmed to return in December 2019, when New Line Cinema and Warner Bros. Pictures scheduled the sequel for release on April 1, 2022.

[30] Following her exhaustive filming schedule for Maria in West Side Story (2021), Zegler booked a meeting with the DCEU casting director Rich Delia, who was thinking about her for Kara Zor-El / Supergirl in The Flash (2023).

[9] Strong said in May that he would not appear in the sequel,[34] and Cooper Andrews was confirmed to reprise his role as foster father Víctor Vásquez from the first film.

Sandberg approved the casting, despite the series being set in the same universe as the film, because he thought Manji only had a small role in Peacemaker.

[46] The final wave of the film's marketing campaign revealed Gal Gadot's cameo appearance as Diana Prince / Wonder Woman, reprising her role from prior DCEU movies.

The film's mid-credits scene sees Jennifer Holland and Steve Agee reprise their DCEU roles as Emilia Harcourt and John Economos.

[51] Sandberg promoted the sequel during a virtual panel at the August 2020 DC FanDome event, announcing the film's title and returning cast.

[53] Behind-the-scenes footage and concept art was revealed during the 2021 DC FanDome event in October, with io9's Rob Bricken and Collider's Gregory Lawrence expressing excitement at the new cast members, characters, locations and mythology.

[54][55] Levi, Angel, Grazer and Mirren promoted the film at Warner Bros.' CinemaCon panel in April 2022, where new footage was shown.

[70][71] Boxoffice Pro's Shawn Robbins called the debut "a soft start, there's no other way to put it," noting the recent underperformances of other comic book films.

[70] Frank Scheck of The Hollywood Reporter gave the film an average review, writing: "Like some children who aren't so cute anymore after they've grown up a little, this follow-up lacks much of the appeal of its predecessor.

While the film provides the elaborate action-set pieces, colorful villains and save-the-world plot mechanics expected of the comic-book-movie genre, some of the magic is missing.

"[78] Chicago Sun-Times's Richard Roeper gave the film two out of four stars, writing, "As we pick up Billy/Shazam's story about four years later, it quickly becomes apparent this is just going to be a by-the-numbers, second-tier adventure with only a few small chuckles and one or two genuinely touching moments.

"[79] Kevin Maher of The Times gave it one out of five stars, calling it a "vacuous and disappointing sequel" and writing, "The tedious reincarnation trope is, however, the least of the narrative misfires in a film that borrows its central dramatic device from The Simpsons Movie.

"[80] Peter Bradshaw of The Guardian gave it three out of five stars, saying, "we don't entirely break free of the superhero-movie template, but Shazam two has a just-out-of-the-fridge orange juice taste that makes it likable.

"[81] The Sydney Morning Herald's Sandra Hall gave it 3.5 out of 5 stars, saying, "the film does the job as an engaging send-up of superheros and their affectations.

It plays like a junior variation on Marvel's comic hit Deadpool, with goofiness standing in for the f--- word and gallows humour.

"[82] Following the film's poor financial performance, Sandberg expressed surprise at its critical reception and said, "After six years of Shazam I'm definitely done with superheroes for now.