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The answer, according to Millar, is that he has no idea, and hasn’t really discussed it much since the last update when, around the release of Kick-Ass 2, he said it was being written.
“With Kick-Ass, [a sequel] was a no brainer. It was made for $28 million and made $100 million back and then made another $140 million on DVD. So for the money guys, it was a $28 million investment that made $240 million. That’s a slam dunk,” Millar told Comic Book Resources. “You’re getting your sequel. The second one didn’t make as much. It cost a little less at around $24 million, made $61 million and made about $100 million again on DVD and TV rights. It was still profitable. It was by no means The Lone Ranger. But does that mean we’ll make another one again? I don’t know. It’s definitely up in the air, and we’ll just have to see. Matthew [Vaughn] is a guy who I trust to make that decision. If he decides he does want to do it, I know he’ll get it done well. And he’s got the movie rights, so it’s ultimately his decision. I speak to Matthew every day, and we haven’t discussed Kick-Ass 3 so who knows? The option is always open.”