Anthropic Revenue Jumps 45% to Nearly $17B Ahead of IPO

According to sources who attended the investor meeting, Anthropic reported third-quarter revenue of $16.8 billion, up approximately 45% from $11.6 billion in the second quarter; first-quarter revenue stood at $4.7 billion. The company met with potential public market investors in San Francisco on October 14 to present its business and financial performance, noting that it achieved profitability on an adjusted basis in the third quarter. The meeting is seen as a step in Anthropic's preparations for an initial public offering, though the company has not yet set a listing date. Media reports suggest it may go public in November, but the timeline could still change. Despite continued revenue growth, investors assessing its valuation and earnings prospects will still need to factor in costs such as R&D and computing power, as well as the full financial disclosures to be made public in the future.