Sound (SOGP) Cost of Revenue (2018 - 2025)
Sound (SOGP) posted quarterly Cost of Revenue of $176.2 million for Q4 2025, up 58.72% year-over-year from $111.0 million in Q4 2024, and up 58.72% quarter-over-quarter from $111.0 million in Q4 2024.
Analysis
Sound (SOGP) Cost of Revenue (2018 - 2025) Analysis & Trends
Sound (SOGP) has reported Cost of Revenue for 8 consecutive years, with $176.2 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Cost of Revenue rose 58.72% year-over-year to $176.2 million; the TTM figure through Dec 2025 stood at $418.6 million (up 39.47% YoY), while the FY2025 annual figure was $314.3 million, up 55.52% from the prior year.
- Cost of Revenue rose to $176.2 million in Q4 2025 per SOGP's latest filing, from $111.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $176.2 million in Q4 2025 and bottomed at $43.5 million in Q3 2023.
- Historically, Cost of Revenue has averaged $70.7 million across 5 years, with a median of $58.1 million in 2022.
- Annual changes were most pronounced in 2021 — Cost of Revenue jumped 65.27% — and 2022, when it decreased 18.16%.
- Sound's Cost of Revenue stood at $59.4 million in 2021, then dropped by 1.34% to $58.6 million in 2022, then surged by 50.16% to $88.0 million in 2023, then climbed by 26.18% to $111.0 million in 2024, then surged by 58.72% to $176.2 million in 2025.
- Business Quant data shows SOGP's Cost of Revenue at $176.2 million in Q4 2025, $111.0 million in Q4 2024, and $88.0 million in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 3.70 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 133.60 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 70.31 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 732.09 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 735.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 257.35 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 204.26 Mn |
| 10 | Sound | 5.56 Bn | 5.56 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 176.17 Mn |
| Dec 31, 2025 | 176.17 Mn |
| Dec 31, 2024 | 111.00 Mn |
| Dec 31, 2024 | 111.00 Mn |
| Dec 31, 2023 | 87.97 Mn |
| Dec 31, 2023 | 87.97 Mn |
| Sep 30, 2023 | 43.49 Mn |
| Sep 30, 2023 | 43.49 Mn |
| Jun 30, 2023 | 57.71 Mn |
| Jun 30, 2023 | 57.71 Mn |
| Mar 31, 2023 | 63.28 Mn |
| Mar 31, 2023 | 63.28 Mn |
| Dec 31, 2022 | 58.59 Mn |
| Dec 31, 2022 | 58.59 Mn |
| Sep 30, 2022 | 52.88 Mn |
| Sep 30, 2022 | 52.88 Mn |
| Jun 30, 2022 | 50.77 Mn |
| Jun 30, 2022 | 50.77 Mn |
| Mar 31, 2022 | 54.99 Mn |
| Mar 31, 2022 | 54.99 Mn |