Ranking among the most profitable films of 2001, The Princess Diaries defied industry expectations as pundits had expected the film to underperform due to its G-rating and subject matter. The film's success is credited with establishing Hathaway as a bankable actress and reviving Andrews' film career. A sequel, The Princess Diaries 2: Royal Engagement, was released in 2004 to similar success, while rumors of a possible third installment have persisted since 2015.