Anthropic has told investors third-quarter revenue reached $16.8 billion as it readies a reported November initial public offering. It also said it was profitable on an adjusted basis and cash-flow positive in the quarter.
01Summary
- 01Anthropic told investors third-quarter revenue was $16.8 billion, up from $11.6 billion in the second quarter.
- 02The company said first-quarter revenue was $4.7 billion, according to people familiar with the matter.
- 03Anthropic said it was profitable on an adjusted basis in the third quarter and cash-flow positive.
- 04It generated $1.70 in revenue for every dollar spent on computing power in the third quarter, according to the Financial Times.
- 05The IPO is reportedly slated for November, and investors expect annualised revenue to reach $110 billion by year-end.
02Why it matters
The numbers suggest Anthropic is growing quickly and may arrive on public markets with strong momentum. That could shape investor expectations for one of the most closely watched AI listings.
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