Anthropic Reports $16.8 Billion Quarter as IPO Preparations Advance
The Claude maker told prospective investors revenue rose 45% in the third quarter and it was profitable on an adjusted basis.
Key takeaways
- Anthropic reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter.
- People who attended the investor meeting said the company reported adjusted profitability for the quarter.
- Anthropic is preparing for a possible public listing by the end of 2026.
Anthropic told prospective investors its third-quarter revenue reached $16.8 billion, up 45% from the prior quarter, according to people who attended a Wednesday meeting in San Francisco. The Claude maker also said it was profitable on an adjusted basis in the quarter, they said.
Revenue was $11.6 billion in the second quarter and $4.7 billion in the first, according to attendees. The company is laying the groundwork for an initial public offering, with reports placing a potential listing before the end of 2026.
The timing remains unsettled. The Business Times reported that Anthropic could begin marketing the IPO as soon as the week of Nov. 9, citing Bloomberg News, while people familiar with the matter said the schedule could shift.
One attendee told CNA that Anthropic expects to reach a $110 billion annual revenue run rate by year-end. That is a company expectation, not a reported result.
Anthropic did not immediately respond to CNA’s request for comment, and a spokesperson declined to comment to the BBC. The investor meeting comes as spending on AI infrastructure draws scrutiny, including concerns about the cost of chips, data centers and computing power.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
