Anthropic reports $16.8bn quarterly revenue at investor briefing before possible IPO
The AI company’s reported third-quarter revenue rose 45% from the previous quarter as it briefed prospective investors in San Francisco on October 14.
Anthropic told prospective investors at an October 14 briefing in San Francisco that revenue reached $16.8 billion in the third quarter, up 45% from the previous quarter, according to BBC News and Reuters. The reported increase puts the AI company’s rapid growth in focus as it prepares for a possible stock market listing.
The figure covers the three months to the end of September. Reuters attributed details of the pre-IPO meeting with Anthropic’s leadership to an investor who attended; the BBC said it understood the figures came from the company’s investor briefing. Anthropic declined to comment to the BBC, while Reuters said the company did not immediately respond to its request for comment.
How Anthropic’s revenue changed through 2026
Revenue was $4.7 billion in the first quarter and $11.6 billion in the second, according to figures reported by both outlets. The third-quarter figure adds $5.2 billion to the previous quarter’s total. Reuters said the briefing was intended to familiarize prospective investors with Anthropic ahead of a potential initial public offering.
Reuters also reported that Anthropic said it was profitable on an adjusted basis in the third quarter, citing the investor who attended. That measure does not establish the company’s overall profit. In earlier reporting cited by Reuters, Anthropic’s revenue last year was nearly $4.6 billion, while its operating loss exceeded $8 billion when certain liability writedowns were excluded.
Infrastructure spending and a possible listing
Anthropic develops the Claude family of AI models and was founded by former OpenAI executives. Reuters said Alphabet and Amazon have helped support its growth as investors, computing suppliers and distribution partners, while also competing with the company. It reported that Anthropic has committed at least $518 billion over a decade to cloud services, computing and infrastructure.
Those commitments matter to prospective investors assessing how revenue growth compares with the cost of building and running AI systems. Reuters described increasing scrutiny of AI companies’ finances amid spending on chips, data centres and computing power. The BBC reported pressure on some technology stocks, including suppliers of data-centre hardware, as investors weighed concerns about AI infrastructure spending.
Reuters reported that Anthropic was seeking a valuation above $2 trillion and that a public debut was likely to come after the November US midterm elections. The BBC described a share sale by year-end as expected. Neither report established a final valuation or listing date.
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Sources and context
- Anthropic revenue surges to $16.8bn ahead of stock market listingBBC News
- Anthropic's Q3 revenue surges 45% to nearly $17 billionCNA (Reuters report)
AI-assisted article checked against the listed sources. NewsJaws did not conduct interviews or attend the reported events.