I didn't think there was a drop left in this formula, but Sylvester Stallone has reached down, gone into the well, pulled himself up from the mat and found the strength within to come back with one last Rocky movie that's better than all the other sequels and almost as good as the original. [16 Nov 1990, p.E1]

What is undeniably good about Rocky V is that our working-class hero returns to the grimy neighborhood from which he sprang. Seeing a more slender, "street" Rocky is a refreshing change of pace from the muscle-bound champ of Parts 3 and 4. [16 Nov 1990, p.C]

Rocky V takes him out of his gilded cage and back to the director (John G. Avildsen), the settings and the underdog's outlook that made him famous in the first place. It's a smart move. There's life in the old boy yet.

In Rocky V, the fifth and presumably last episode of Sylvester Stallone's Rocky Balboa saga, the writer-star once again contrives a way to make his hulking, sad-eyed gladiator the underdog. And we get whiffs of funkiness and humanity stirring around for the first time since the original Rocky. [16 Nov 1990, p.1]

The old formula is showing its age. The movie just doesn't deliver the emotional highs that addicted millions to the Rocky cycle. For the first time, one does not leave the theater floating on air. [16 Nov 1990, p.8]