Anthropic reports $16.8B revenue, achieves adjusted profitability
SiliconANGLE: Ahead of IPO, Anthropic reveals its revenue grew 45% sequentially to $16.8B in Q3
Anthropic PBC pulled in $16.8 billion in revenue during the third quarter, according to a report today by the Financial Times — and also achieved profitability on an adjusted basis for the first time. The revelations came at a private meeting between Anthropic executives and investors interested in buying shares of the artificial intelligence company […] The post Ahead of IPO, Anthropic reveals its revenue grew 45% sequentially to $16.8B in Q3 appeared first on SiliconANGLE.
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Anthropic, an artificial intelligence company preparing for an initial public offering, generated $16.8 billion in revenue during the third quarter and achieved profitability on an adjusted basis for the first time. This represents a 45 percent sequential increase from the prior quarter, and such revenue figures are closely watched by investors as indicators of the health of the broader AI industry. The company is expected to go public in November with a targeted valuation of up to $2 trillion, and investors use Anthropic's financial performance as a bellwether for the technology sector more broadly. However, the source did not specify whether the revenue figure refers to gross or net revenue, or how the company defines profitability, leaving some ambiguity about the company's actual financial state.
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