Anthropic revenue jumps to US$16.8 billion in Q3 before IPO
Anthropic is set to begin formally marketing for its initial public offering as soon as the week of Nov 9.
Anthropic reported a significant increase in revenue for its third quarter, reaching US$16.8 billion, according to people familiar with the matter. The AI model maker plans to go public and is expected to launch its initial public offering (IPO) as early as the week of November 9, with a potential debut before Thanksgiving. However, the timeline may still shift, as deliberations are ongoing.
Anthropic is expected to make its debut by the end of the year. The company achieved profitability on an adjusted basis in the quarter, a stark contrast to its net loss of almost US$42 billion in 2025, which was a fivefold increase from the previous year. Despite these impressive figures, Anthropic faces heightened competition from rivals such as OpenAI, which is in close pursuit of a higher valuation.
The companies are also under increasing public scrutiny over AI safety following a series of high-profile hacking incidents.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Anthropic revenue jumps to US$16.8 billion in quarter before IPO businesstimes.com.sg
- Anthropic’s Q3 revenue surges 45% to nearly $17 billion investing.com
- 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) ft.com
- Anthropic's Q3 revenue surges 45% to nearly $17 billion channelnewsasia.com
