Composition & initial insights

Q3 2025 Description (p.42) ← Here directly not much more info.

Key insights from further research (see points below)

• Vast majority (271m in 2024) have been app store fees

• Gross profit margin for 2026 could be 71.5%

• Cost of revenue developments in % of Revenue ← No sufficient answer yet

• Follow up question more detailed breakdown ← Some very good points

• Amortization of app fee costs ← Good insights & should be no problem

• Sanity cost check ← Great analysis. This make sense

• Future projections cost of revenue rate ← Very strong analysis!

• Potential cost savings breakdown per region (Notebook LM)

• Cost Cutting on Alternative Payment Systems ← Earlier prompt reminder of Situation