Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO (Echo Wang/Reuters)
As Anthropic prepares for what could be one of the biggest IPOs on record, Wall Street is looking further into the future …
Anthropic is preparing for a potentially record-breaking initial public offering (IPO). As part of this process, the company is projecting revenue of approximately $190 billion to $200 billion for 2028. This projection is significantly higher than its revenue run rate of $47 billion reported in May.
According to Investing.com, bankers and investors are using enterprise value-to-revenue multiples based on forecasts to value the company. This approach is common for high-growth software companies without a mature profit profile. However, looking two years ahead is less typical and reflects the rapid expansion of Anthropic's business and the challenges of setting benchmarks for a company still investing heavily in its AI infrastructure.
The company's valuation is being determined by its potential future revenue, with investors and bankers considering its growth prospects. The projections and valuation methods indicate the scale of growth investors are being asked to underwrite.
Brief written by urgent.news from Techmeme, Investing.com, Channel News Asia, CNA - Business — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
