Anthropic tells IPO investors revenue hit $16.8B as growth cools
The October 14th update showed 45% quarter-over-quarter growth, down from more than doubling in Q2, while some investors had expected annualized revenue above $100B by year-end.
By Ryan Merket · Published
Primary source: Financial Times
Why it matters
Anthropic's latest figures show that revenue is still expanding rapidly, but sequential growth has slowed from Q2's surge. Prospective public investors must weigh that trajectory against adjusted rather than GAAP profitability and the company's infrastructure obligations.
Anthropic told prospective investors its third-quarter revenue reached $16.8 billion, up 45% from the prior quarter, as the AI lab prepares for a possible public listing. The figure, reported by the Financial Times and independently corroborated by Reuters, describes a large business growing more slowly than investors had been shown earlier this year.…