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AppLovin (APP) Cost of Revenue (2020 - 2025)

AppLovin (APP) has disclosed Cost of Revenue for 6 consecutive years, with -$183.2 million as the latest value for Q3 2025.

  • On a quarterly basis, Cost of Revenue fell 167.92% to -$183.2 million in Q3 2025 year-over-year; TTM through Sep 2025 was $813.2 million, a 2054.91% increase, with the full-year FY2024 number at $849.2 million, up 272.42% from a year prior.
  • Cost of Revenue was -$183.2 million for Q3 2025 at AppLovin, down from $155.1 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $658.4 million in Q4 2024 to a low of -$557.6 million in Q4 2023.
  • A 5-year average of $195.2 million and a median of $265.0 million in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: plummeted 250.95% in 2023, then surged 424.11% in 2025.
  • AppLovin's Cost of Revenue stood at $313.7 million in 2021, then rose by 17.75% to $369.4 million in 2022, then tumbled by 250.95% to -$557.6 million in 2023, then skyrocketed by 218.08% to $658.4 million in 2024, then tumbled by 127.82% to -$183.2 million in 2025.
  • Per Business Quant, the three most recent readings for APP's Cost of Revenue are -$183.2 million (Q3 2025), $155.1 million (Q2 2025), and $183.0 million (Q1 2025).