Anthropic reports Q3 revenue of $16.8B, adjusted profit ahead of IPO

Coverage timeline

1. Techmemeyesterday
   Sources: Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3 (Financial Times)

   Financial Times : Sources: Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3 — AI start-up gathered investors for presentations in San Francisco on Wednesday ahead of its anticipated public listing

   
2. Techmemeyesterday
   Sources: Anthropic told investors that distillation accounts for 5% to 7% of revenue; its rapid but slowing revenue growth could weigh on its IPO valuation (Cory Weinberg/The Information)

   Cory Weinberg / The Information : Sources: Anthropic told investors that distillation accounts for 5% to 7% of revenue; its rapid but slowing revenue growth could weigh on its IPO valuation — Anthropic reported rapid-but-slowing revenue growth in a meeting with potential investors in its planned initial public offering …

   
3. Simon Willison18 hours ago
   Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO

   Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO The phrase "told investors" appears four times in this FT article, which reports on Anthropic's day of hosting investors on Wednesday. Lots of details in here from " people with knowledge of the matter ". Key things I learned from the article: Q1 revenue (Jan/Feb/Mar) was "about $4.8bn" Q2 (Apr/May/Jun) was $11.5bn Q3 (Jul/Aug/Sep) was $16.8bn In Q3: $1.70 in revenue for every $1 spent on "computing power" Adjusted operating margins (excluding stock-based compensation) were 11% This point about distillation is worth quoting in full (highlight mine): The start-up has also clamped down on “distillation” — a controversial practice whereby rival AI labs train their models on the outputs of more advanced ones. When rival companies “distil” their models from Anthropic’s models, that involves heavy usage and spending. Anthropic told investors on Wednesday distillation accounted for 5 per cent to 7 per cent of re

4. Techmeme10 hours ago
   Sources: some Anthropic investors discussed a ~$1.5T valuation for its IPO, down from ~$2T they had expected, after disclosures showed slowing Q3 revenue growth (Reuters)

   Reuters : Sources: some Anthropic investors discussed a ~$1.5T valuation for its IPO, down from ~$2T they had expected, after disclosures showed slowing Q3 revenue growth — Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation …