Why is Venom 2 not rated R?

I'm curious to understand the reasoning behind the rating decision for Venom 2. Given the violent nature and graphic imagery often depicted in superhero films, I would have expected an R rating. So, why was Venom 2 not given an R rating despite potentially containing elements that typically warrant such a classification? Could it be due to a shift in the industry's approach to ratings, or were there specific factors considered in the case of this particular film? I'd appreciate any insight into the process behind the rating decision.