As New York struggles to recover from the profound devastation and trauma left by recent multiversal wars, its underworld is dragged into calculated chaos through the secret manipulations of Wilson Fisk, who has retreated to a tropical island. Exploiting a security breach funded by Fisk, Cletus Kasady escapes from Ravencroft Asylum, bonding with the Carnage symbiote to turn the city into his own bloody room of pleasure. Alongside Frances Barrison (Shriek), whom he met in captivity, Cletus embarks on a relentless killing spree where violence transforms into a sick, twisted romance. Crushing the reign of ruthless street boss Lee Price, this savage spectacle is, in reality, a grotesque feast offered to Rio Vidal (Lady Death) and Agatha Agnes, who watch the unfolding carnage from the shadows like a theatrical performance.
The burden of ending this unstoppable brutality falls upon the exhausted Detective Patrick Mulligan, a man on the brink of moral collapse whose body and mind have been forcibly overtaken by the Toxin symbiote. Peter Parker and Eddie Brock—now darkened, intolerant figures crushed under the heavy weight of their pasts—guide Mulligan in this desperate war while fiercely trying to keep Eddie's son, Dylan, safe. During the ultimate, bloody showdown engulfing Times Square, Frank Castle (The Punisher) intervenes in the chaos. He cold-bloodedly executes Frances with a single bullet, instantly triggering Cletus's psychological collapse. When the Carnage rampage finally ends, what remains is a shattered, leaderless, and weary New York; a perfectly cleansed kingdom for the Kingpin, who is now ready to reclaim his throne.