It’s absolutely meanful. But a block number representing most of the world doesn’t tell you much without interpretation and additional context.
And when a movie can’t seem to cross the profitability line in its home market. And doesn’t even seem profitable taking its global box office into account it tells you something.
Eta: Maybe the better way to phrase it phrase it is they only came close to profitability internationally. The size of the international market means it’s relative common to see a higher box office outside the US than inside.
But the thing we’re looking at is whether a movie made back it’s production budget, or made a profit domestically. Especially in the first few weeks of release. It’s more of a way to tell if a movie made money. But if you see that a series of films are both unprofitable, And more unprofitable over time. And only hitting break even with a big skew on the international side. It tells you something about it’s popularity globally.