Despite decent ratings and generally positive reviews and audience response, Amazon will not be renewing Paper Girls. The series, based on the acclaimed graphic novel, featured a solid cast and stayed true to the spirit, at least, of its source material.
The series is currently shopping for a new home.
I find the decision particularly disappointing, given that I was underwhelmed by Season Four of Stranger Things. Amazon clearly intended this to be their answer to the breakaway SF/80s nostalgia series, though it remains worth mentioning that Paper Girls, the graphic novel, predates Stranger Things. It takes a more nuanced and critical approach to nostalgia but featured more bizarre and over-the-top SF flourishes.
Batgirl sends her sympathies.
In the end, I suspect the show did not get the super-ratings they needed to justify the budget that would have been required to continue with the story, which, in the source, takes them to the distant past and a few distant futures. Amazon also relies heavily on word-of-mouth-and-web, which does not consistently work. Money might be tight, given how much they’ve had to put into Rings of Power.