Anthropic's Q3 Revenue Surges 45% to Nearly $17 Billion, Reuters Reports

3-line summary

• Anthropic's Q3 revenue rose about 45% quarter-over-quarter to roughly $16.8 billion, per a Reuters report citing a person who attended a pre-IPO investor presentation; the company did not immediately respond to a request for comment. Quarterly revenue has climbed from $4.7 billion in Q1 to $11.6 billion in Q2 to $16.8 billion in Q3, up roughly 12x from last year's revenue of about $4.6 billion.
• The company told investors it was profitable on an adjusted basis in Q3, even as its operating loss (excluding fair-value losses tied to earlier financing) reportedly exceeded $8 billion last year. Anthropic is targeting a valuation of more than $2 trillion and has committed to at least $518 billion in cloud, computing and infrastructure spend over the next decade, with Google and Amazon serving as investors, compute providers and distribution partners.

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