Anthropic turns a profit as quarterly revenue surges 45% to $16.8bn ahead of landmark IPO

Dario Amodei, who co-hosted Wednesday's investor briefing with CFO Krishna Rao, is targeting a valuation of over $2 trillion for Anthropic's forthcoming IPO.

7bn in Q1 to $16.8bn in Q3 — a pace analysts say could push annual revenue to $110bn by year-end.

Claude-maker Anthropic has reported its second consecutive quarter of adjusted profit, stunning prospective investors at a briefing in San Francisco on Wednesday. Revenue has rocketed from $4.7bn in Q1 to $11.6bn in Q2 and now $16.8bn in Q3 — a trajectory that analysts say could push annual revenue to $110bn by year-end. Dario Amodei and CFO Krishna Rao hosted the event as the company targets a valuation of over $2 trillion for its forthcoming stock market listing.

Anthropic's IPO is expected before the end of the year but may slip past November's US midterm elections.

The revenue surge comes as AI chip stocks tumble globally, with Nvidia, Samsung and SK Hynix all falling sharply on spending concerns.

Last year Anthropic lost more than $8bn on an operating basis — making back-to-back quarterly profits a dramatic reversal in fortunes.

The TelegraphAnthropic in profit as revenue surges nearly $17bn BBC News - BusinessAnthropic revenue surges to $16.8bn ahead of stock market listing Financial TimesAnthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO ReutersAnthropic's Q3 revenue surges 45% to nearly $17 billion ReutersAnthropic revenue jumps to $16.8 billion in third quarter, FT reports NY PostAnthropic revenue surges 45% to nearly $17B in third quarter ANI NewsAnthropic's Q3 revenue jumps 45% to USD 16.8 billion ahead of anticipated IPO - ANI News

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