Anthropic reports $17bn in Q3 revenue before supersized IPO
Anthropic on Monday reported revenue of nearly $17 billion in the period ending September 30, as investors brace for its keenly awaited and potentially record-breaking IPO . The maker of Claude , a family of large language models and an AI chatbot, reported $33.24 billion in revenue for the nine months ending on September 30, according to an amended filing with the Securities and Exchange…
Anthropic, the company behind the Claude AI chatbot, reported a staggering $17 billion in revenue for the quarter ending September 30, marking a massive 1,200% increase compared to the same period last year. The company's nine-month revenue for the period was $33.24 billion, while it reported a $104 billion net loss. Much of the loss was attributed to changes in the value of convertible notes and derivative liabilities.
Operating expenses skyrocketed to $17.52 billion, a 292% increase compared to the previous year's quarter. The company's S-1 filing with the SEC revealed commitments to around $895.4 billion, with $447.5 billion expected to be incurred by the end of 2030.
Anthropic is set to go public, with an IPO expected to be one of the biggest ever, possibly rivaling SpaceX's. The AI startup has been seeking significant capital to fund the high costs of AI model training. The company's IPO is being led by Goldman Sachs and Morgan Stanley, with 20 other banks also taking part. It's anticipated to debut on the Nasdaq Global Select Market under the ticker symbol "ANT".
Written by urgent.news from The National UAE'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 reports $17bn in Q3 revenue before supersized IPO thenationalnews.com
- Anthropic’s quarterly loss shrinks, revenue jumps ahead of blockbuster IPO businesstimes.com.sg
- Anthropic Reports $17 Billion Quarterly Revenue Ahead of IPO pymnts.com
- Anthropic swings to third quarter operating loss as compute costs surge ahead of IPO coindesk.com
- Anthropic's amended IPO filing shows revenue up about 1,200% through September qz.com
- Anthropic's quarterly loss shrinks, revenue jumps ahead of blockbuster IPO channelnewsasia.com
