Serviceable.
I feel like more could've been done with the mascots via the animatronics as well as giving them each some sorta creepy voice, though this is of course based on a video game so if that's how they are in the game (which I've never played nor heard of) then I guess this is not a valid 'criticism'. Just as a film, I think that would've made it more lively.
'Five Nights at Freddy’s', as it is, is a passable supernatural horror. Josh Hutcherson does an acceptable job as lead, as Elizabeth Lail and youngster Piper Rubio do well too. More could've perhaps been done with Matthew Lillard's character, though Lillard is himself is alright.
Evidently, the reception to this 2023 movie has been mixed, I can tell that from both the average rating chart and from those that I follow. It worked for me, that's all there really is for me to say.