NetherRealms confirmed this over on Twitter, and also mentioned how it was now focused on its next project. It supported the latest entry in the series for two years with additional content.
At this stage, it's unclear what exactly NetherRealm's next game is, but there have been rumours about it being another superhero fighter. Keep in mind, nothing has been officially confirmed.
Did you see Mortal Kombat 11 through the end? What are you hoping to see next from NetherRealm? Leave a comment below.