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Anthropic’s filing shows its ad spending rose to $147 million

The company that keeps Claude free of ads spent $147 million on advertising in 2025, up from $33 million, and its media budget grew again this year.

By Alexandre S. , 04:40 UTC

Claude carries no ads. Anthropic’s advertising budget, though, more than quadrupled last year. Its stock market filing, made public on 26 October 2026, puts advertising expenses at $147 million in 2025 against $33 million in 2024, and calls the 2023 amount too small to report, the S-1 itself shows. Between January and June 2026, marketing and advertising costs were $273 million higher than a year before, and the filing gives product-launch media buying as the reason.

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Drawn by adtestbench from “Anthropic's ad bill is soaring, according to IPO filing”,

The ad money sits inside a $3.17 billion first-half bill for sales, marketing and partnerships, Digiday reported on 27 October. Fees paid to the cloud companies that resell Claude account for $2.7 billion of that bill’s growth. Of $16.3 billion in first-half revenue, $13.1 billion was metered usage, billed by how much work Claude does; the remainder came from subscriptions. The filing names “monetization strategies that differ from those of certain competitors” among the ways Anthropic sets itself apart, in a passage on risks to its brand; OpenAI began running ads in ChatGPT in February, Digiday notes.

Those ads sell plans with fixed prices. In our 27 October price check, Claude Free includes web search, Pro costs $20 a month or $17 a month billed yearly, and a Team seat costs $25, or $20 billed yearly.

Usage fees were 80 per cent of first-half revenue and subscriptions 20 per cent, and the filing ties the extra $273 million of media to product launches without splitting it between the two, so the ads seen by people choosing a $20 Pro plan pay for a business that mostly bills by the token.

Sources

  1. Digiday: Anthropic’s ad bill is soaring, according to IPO filing. Checked
  2. US Securities and Exchange Commission: Anthropic PBC Form S-1 registration statement. Checked
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Alexandre S.

Alexandre S. is a creative ad strategist and copywriter with ten years' experience in digital marketing across multiple channels.