Loading the meme…
It's usage-based revenue.
BTier
"Billing is based on actual monthly usage." Metered tokens, paid in arrears: it's a pay-for-what-you-send-and-get model, not a guaranteed subscription.
Why this verdict?
Anthropic/Claude charges on a metered token basis (per‑input and per‑output MTok rates, plus feature-specific metered fees). Billing is postpaid and invoiced monthly; no published recurring minimum or required term is shown on these pages.
“Billing cadence | Hourly metering to AWS Marketplace; monthly invoices”
https://platform.claude.com/docs/en/about-claude/pricing#claude-platform-on-aws-pricingDescribes metering cadence and monthly invoicing for the AWS Marketplace path.
“Billing is based on actual monthly usage.”
https://platform.claude.com/docs/en/about-claude/pricingExplicit statement that billing is usage‑based and occurs monthly.
“Payment model | Arrears only (postpaid); no prepaid credits”
https://platform.claude.com/docs/en/about-claude/pricing#claude-platform-on-aws-pricingIndicates postpaid billing and absence of prepaid credit model for that platform.
“Web search is available on the Claude API for $10 USD per 1,000 searches, plus standard token costs for search-generated content.”
https://platform.claude.com/docs/en/about-claude/pricing#specific-tool-pricingExample of a non‑token, per‑use charge layered on top of token billing.
“Session runtime | $0.08 USD per session-hour”
https://platform.claude.com/docs/en/about-claude/pricing#claude-managed-agents-pricingManaged Agents introduces an additional metered runtime charge, reinforcing a usage‑based model.
is this ARR?