Anthropic, the developer of the Claude chatbot, reported $16.8 billion in revenue for the third quarter and said it was profitable on an adjusted basis. The company disclosed these figures at an investor day event on Wednesday as it prepares for a potential stock market listing in November, which could value it near $2 trillion, according to livemint.com.
The $16.8 billion revenue for Q3 represents a 45% increase from the $11.6 billion recorded in the second quarter. Attendees at the event noted that the company expects to reach an annual revenue run rate of $110 billion by year-end. While revenue growth has moderated, it continues to rise rapidly. Anthropic also reported an operating loss of over $8 billion excluding write-downs tied to earlier fundraising rounds, per livemint.com.
Anthropic’s adjusted profitability excludes certain expenses, a common practice among tech companies preparing for public listings. The company’s rapid revenue growth—from $4.7 billion in Q1 to $16.8 billion in Q3—underscores its expanding footprint in the AI chatbot market. The Financial Times first reported these figures, highlighting the scale of Anthropic’s business amid increasing competition in AI development.
Anthropic’s planned stock market debut in November is anticipated to be one of the largest tech listings, with a valuation potentially approaching $2 trillion. The company’s revenue trajectory and adjusted profit metrics will be closely scrutinized by investors ahead of the IPO, according to livemint.com.