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Anthropic Hits $16.8 Billion in Q3 Revenue as Massive IPO Preparations Heat Up
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Firstpost•15-10-2026, 05:45
Anthropic Hits $16.8 Billion in Q3 Revenue as Massive IPO Preparations Heat Up
- •Anthropic reported a 45 percent increase in third-quarter revenue, reaching $16.8 billion up from $11.6 billion in the second quarter.
- •The AI developer informed prospective investors during a San Francisco pre-IPO meeting that the company was profitable on an adjusted basis.
- •Anthropic is targeting a staggering valuation of more than $2 trillion for its highly anticipated stock market debut.
- •The company faces intense scrutiny regarding its long-term financial sustainability due to massive cloud and infrastructure commitments exceeding $518 billion over a decade.
- •The upcoming public listing is expected to serve as a major benchmark for investor appetite in the rapidly growing artificial intelligence sector.
Key Questions Answered
Anthropic's revenue jumped 45 percent in the third quarter to $16.8 billion, rising from $11.6 billion in the second quarter.
Anthropic is seeking a valuation of more than $2 trillion for its anticipated public-market debut.
Anthropic's growth has been supported by Alphabet's Google and Amazon, which act as investors, suppliers of computing power, and distribution partners.
