Anthropic Revenue Hits $16.8B Ahead of IPO

Anthropic posted $16.8 billion in third-quarter revenue, a 45% sequential increase from $11.6 billion in Q2, according to the Financial Times. The company also achieved adjusted profitability for the first time. The figures were disclosed at a private investor meeting ahead of a planned November IPO targeting a valuation of up to $2 trillion. Clarity remains limited, as the source did not specify whether the revenue figure is gross or net. Anthropic has surpassed OpenAI as perceived market leader, driven by enterprise adoption of its Claude Code tool and a series of frontier model releases.