Anthropic reports $16.8 billion in quarterly revenue ahead of IPO
Reports indicate that Anthropic recorded quarterly revenue of $16.8 billion, up 45%, reaching adjusted profitability for the first time ahead of an expected IPO in November.
Anthropic reportedly recorded revenue of $16.8 billion in the third quarter, an increase of nearly 45% from the previous quarter, according to SiliconANGLE.
The company achieved adjusted profitability for the first time, with these figures coming from a Financial Times report cited in a private meeting with investors.
Anthropic is widely expected to go public in November, with a target valuation that could reach $2 trillion.
SiliconANGLE noted that the report did not clarify whether the figure represents gross or net revenue.
What do these terms mean?
Adjusted Profitability: A profit metric that excludes extraordinary items such as stock-based compensation to reflect core operating performance.
Gross and Net Revenue: Gross revenue is total money collected before deducting costs and commissions, while net revenue is what remains.
Initial Public Offering (IPO): Selling company shares to the public for the first time and listing them on a stock exchange.
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