Anthropic reports $16.8 billion in Q3 revenue as growth slows ahead of planned IPO

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Anthropic told potential investors that third-quarter revenue reached $16.8 billion, but slower growth disappointed some investors ahead of its planned November IPO, according to The Decoder. Revenue rose roughly 45 percent from Q2, compared with growth above 140 percent in the previous quarter. The Decoder reported that several potential investors expected IPO valuation expectations to fall, possibly below $1.5 trillion. The Financial Times, as summarized by Simon Willison, reported Q2 revenue of $11.5 billion and said Anthropic generated $1.70 in Q3 revenue for every $1 spent on computing power. Anthropic reported an adjusted operating margin of 11 percent through Q3, excluding major costs such as stock-based compensation, according to The Decoder. The FT also reported, citing four people with direct knowledge, that Anthropic told investors distillation accounted for 5–7 percent of revenue and that the company had cut it back “materially” in Q3.

Generated by AI from reports · Updated 2 days ago

Latest development10/15 21:04 (UTC+8)

Anthropic tells investors quarterly revenue rose nearly 50% to $16.8bn ahead of IPO Simon Willison

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10/15

21:04
Simon Willison
Anthropic tells investors quarterly revenue rose nearly 50% to $16.8bn ahead of IPO
Anthropic told investors Q3 revenue reached $16.8bn, up nearly 50% from Q2’s $11.5bn, according to an FT report summarized by Simon Willison. Q3 revenue was $1.70 for every $1 spent on computing power, and adjusted operating margins excluding stock-based compensation were 11%. Citing people familiar with the matter, the FT reported that distillation accounted for 5–7% of revenue and was cut back materially in Q3; Willison estimates that a 5% share of Q2 revenue would imply rival labs spent over half a billion dollars on distillation.
17:50
The Decoder
Anthropic’s Q3 revenue hits $16.8B but growth slows ahead of planned November IPO
Anthropic reportedly disclosed $16.8 billion in third-quarter revenue to potential investors ahead of its planned November IPO, up roughly 45 percent from Q2 versus growth above 140 percent the previous quarter. The company reported an adjusted operating margin of 11 percent through Q3, excluding major costs such as stock-based compensation. Some potential investors were reportedly disappointed, with several expecting IPO valuation expectations to fall possibly below $1.5 trillion.

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