In my experience, Revelation has not been paid much attention in Catholic education or liturgy. I think most see it as a bit of an oddball book full of obscure references and not really worth trying to decode in full. Protestant evangelicals, on the other hand, do treat it as a big Hollywood movie, as Gopnik amusingly compares it to in his opening paragraphs:
That ending—the Book of Revelation—has every element that Michael Bay could want: dragons, seven-headed sea beasts, double-horned land beasts, huge C.G.I.-style battles involving hundreds of thousands of angels and demons, and even, in Jezebel the temptress, a part for Megan Fox. (“And I gave her space to repent of her fornication; and she repented not.”) Although Revelation got into the canonical Bible only by the skin of its teeth—it did poorly in previews, and was buried by the Apostolic suits until one key exec favored its release—it has always been a pop hit. Everybody reads Revelation; everybody gets excited about it; and generations of readers have insisted that it might even be telling the truth about what’s coming for Christmas.