Honestly, I think Cats is worth the watch. I was never bored; it was an absolute rollercoaster of terrible filmmaking decisions. It was never boring. Morbius, by comparison, wasn't even that much fun as a trainwreck watch.
Not OP, but I just realized that I watched Morbius at some point and remember almost nothing about it, including what compelled me to watch it in the first place.
Cats received negative reviews by critics, many of whom named it one of the worst films of all time. It grossed $75.5 million on a budget of $80–100 million, resulting in an estimated loss of $71 million after ancillary costs, and making it one of the biggest box-office bombs of all time.