Anthropic's third-quarter revenue is said to hit $16.8 billion ahead of IPO — SkimNews
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- Anthropic told investors Q3 revenue reached $16.8 billion, rising from $11.6 billion in Q2 and $4.7 billion in Q1, according to people familiar with the matter.
- Anthropic said it was profitable on an adjusted basis in Q3 and cash-flow positive, generating $1.70 in revenue for every dollar spent on computing power, per the Financial Times.
- Investors expect Anthropic to reach $110 billion in annualized revenue by year-end, according to the Wall Street Journal.
- The Claude maker is reportedly slated for a highly anticipated IPO in November, with CNBC previously reporting it would disclose quarterly financials for the first time at a meeting with potential institutional investors.
Why it matters: A jump from $4.7B in Q1 to $16.8B in Q3 — paired with adjusted profitability and a $1.70-to-$1 compute revenue ratio — is the rare growth-plus-positive-unit-economics profile investors reward at IPO. Anthropic's voluntary disclosure to institutional investors ahead of a reported November debut signals confidence it can defend that trajectory once public.
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