TopicAnthropic’s IPO
Anthropic Discloses $16.8B Q3 Revenue Ahead of IPO
According to multiple reports, Anthropic told institutional investors in a closed-door meeting on October 14 that third-quarter revenue reached $16.8 billion, or $67.2 billion annualized, up 46% from $11.5 billion in Q2. The company also said it is profitable on an "adjusted basis," ahead of an expected IPO next month that could value it at $2 trillion.

What happened
Anthropic hosted a pre-IPO investor day on October 14, briefing institutional investors in a closed-door meeting on its business and financials. Multiple outlets subsequently reported the revenue figures disclosed there. Anthropic has not yet published its public prospectus, and the IPO timing and pricing are not finalized.
Key facts
- Q3 revenue: $16.8 billion, $67.2 billion annualized, up 46% from Q2's $11.5 billion.
- Slower growth: Sequential growth was 143% in Q2 vs Q1, falling to 46% in Q3; the annualized run rate already reached $65 billion in July, only slightly below Q3's $67.2 billion.
- Profitability: The company said it is profitable on an "adjusted basis".
- IPO plans: The IPO is expected next month, targeting a valuation near $2 trillion on Nasdaq.
- Market reaction: The same trading day, the Nasdaq fell 1.9% while CoreWeave crashed 15.5%; Dell, AMD and Snowflake dropped 11.4%, 5.7% and 6.3% respectively.
Why it matters
This is the first full Q3 result Anthropic has disclosed before its IPO, with sequential growth slowing from 143% in Q2 to 46%, and AI stocks sold off the same day.
CompaniesAnthropic
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