AppLovin (APP) Cost of Revenue (2020 - 2026)

AppLovin (APP) has reported Cost of Revenue for 7 consecutive years, with $225.8 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 45.61% year-over-year to $225.8 million in Q2 2026; TTM through Jun 2026 was $787.8 million, a 35.58% increase from a year earlier, with the FY2025 full-year figure at $665.1 million, up 27.76% from the prior year.
• Cost of Revenue was $225.8 million for Q2 2026 at AppLovin, up from $203.6 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $369.4 million in Q4 2022 and troughed at -$429.0 million in Q4 2023.
• A 5-year average of $188.7 million and a median of $214.7 million in 2026 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 216.14% in 2023 and surged 135.76% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $369.4 million in 2022, then slumped by 216.14% to -$429.0 million in 2023, then surged by 135.76% to $153.4 million in 2024, then grew by 19.65% to $183.5 million in 2025, then increased by 23.03% to $225.8 million in 2026.
• The last three Cost of Revenue figures came in at $225.8 million (Q2 2026), $203.6 million (Q1 2026), and $183.5 million (Q4 2025), per Business Quant data.