My iphone7 did this after updating (admittedly, also an old phone on the original battery) to 14.something, but the latest release was fine.
When it was bad, a full switch off (hold the power button down) and reboot fixed it. Worth a try. Some games or apps seem to continuously send "analytics" (aka tracking) in the background and it can be worth "swiping up" on these to close them when not in use. Scrabble is bad for this, and Facebook of course. The full switch off and reboot should clear all these, at least until you fire them up again. Make sure all the apps are also updated post the iOS update - they may be using older, less optimised APIs if not.
If this doesn't help, try switching to Airplane mode or switching off Background App Refresh and see if the battery usage stabilises. If it does, it is some errant app either trying to update itself (or track) and burning through cpu. Turn on App Refresh for just the apps you use, one by one, and see if it is better.