You might think that means everyone involved would be running straight into sequel territory but studio STX have other plans. A statement (via Deadline) says they're moving in different directions:
Ok... The weirdest part is that the first movie spin off they've named is called Bad Dads and has a release date of July 2017. As for how other elements like products and a reality TV show are going to pan out, your guess is as good as ours.
Bad Dads kind of takes away one of the more interesting elements of the original film - namely that it was about female characters. We've seen men behaving badly before, and it makes sense that women would be quite interested in seeing a series of female-centric films to follow on from this success. Let's see how it pans out.