{
  "id": 14613655,
  "title": "Rolling in it … Anthropic says revenue jumped to nearly $17B last quarter: reports",
  "url": "https://urgent.news/2026/10/15/rolling-in-it-anthropic-says-revenue-jumped-to-nearly-17b-last",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T04:44:00.000Z",
  "source": {
    "name": "IOL",
    "slug": "iol",
    "url": "https://iol.co.za/technology/software-and-internet/2026-10-15-rolling-in-it-anthropic-says-revenue-jumped-to-nearly-17b-last-quarter-reports/"
  },
  "original_language": "en",
  "account": "Anthropic, an artificial intelligence lab based in San Francisco, reported a staggering revenue jump of nearly 50 percent to $16.8 billion in the September quarter, according to US media reports. The company, which is reportedly targeting a $2 trillion valuation for its much-anticipated initial public offering, is expected to surpass SpaceX's record-setting $1.8 trillion valuation when it goes public in November.\n\nThe company's investor presentation, shared with the Financial Times and Bloomberg, highlighted that Anthropic is free cash flow positive and has an 11 percent operating margin, both adjusted, in the third quarter. These impressive figures come despite the fact that the company recorded a net loss of $42 billion last year.\n\nAnthropic's annualized revenue, which reached $65 billion earlier this year, is projected to reach $100 billion by the end of 2026. This puts the company ahead of its main rival, OpenAI, whose annualized revenue is around $50 billion.\n\nWhile both companies use different methods to calculate their annualized revenue figures, Anthropic's growth trajectory and ambitious goals suggest it is poised to become a major player in the AI industry. The company's flagship product, Claude, and OpenAI's popular AI chatbot, ChatGPT, both contribute to the intense competition in the field. OpenAI, however, has pushed out its IPO plans until 2027.",
  "summary": "Anthropic, a San Francisco-based AI lab, reported a revenue surge to $16.8 billion in the September quarter, achieving profitability on an adjusted basis and aiming for a $2 trillion valuation in its upcoming November IPO, surpassing SpaceX’s record.",
  "key_points": [
    "Anthropic's revenue jumped 50% to $16.8 billion in Q3 2023.",
    "Company targets $2 trillion valuation for IPO in November.",
    "Anthropic projected to reach $100 billion annualized revenue by end of 2026."
  ],
  "editors_take": "Rapid revenue growth and positive cash flow position Anthropic to challenge OpenAI's market dominance as it prepares for a massive public offering that could eclipse SpaceX.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "WSJ Markets",
        "title": "Anthropic’s Quarterly Revenue Jumped 45% to Nearly $17 Billion",
        "url": "https://urgent.news/2026/10/15/anthropics-quarterly-revenue-jumped-45-to-nearly-17-billion",
        "published": "2026-10-15T00:17:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}