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Anthropic's Q3 revenue nears $17 billion as net loss widens to $23.3 billion
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Anthropic reported third-quarter revenue of nearly $17 billion for the period ended September 30, a 12-fold increase from a year earlier, according to a filing with the U.S. Securities and Exchange Commission on Monday. The strong growth could raise market expectations for the AI company's IPO, which may be record-sized. However, net loss for the quarter reached $23.3 billion, compared with $12.1 billion a year earlier, while operating expenses rose 292% year over year to $17.5 billion. Anthropic disclosed total contractual and other committed spending of $895 billion, mostly related to compute and infrastructure. About $448 billion is expected to occur by the end of 2030, including roughly $70 billion payable in the 12 months through September 2027. The Claude platform developer filed for an IPO on October 26 and plans to list before the U.S. Thanksgiving holiday. People familiar with the matter said the company aims to raise at or above the $86.2 billion SpaceX raised in its listing.
Source report
November 2 — Anthropic's revenue for the third quarter ended September 30 reached nearly $17 billion, a 12-fold increase year-over-year — a performance likely to further raise market expectations for the AI company's IPO, which could be record-setting in scale.
Quarterly Financials
According to a filing submitted Monday to the U.S. Securities and Exchange Commission, the Claude platform developer reported a net loss of $23.3 billion for the three months ended September, compared with a net loss of $12.1 billion in the same period last year.
Operating expenses rose to $17.5 billion for the quarter, up 292% year-over-year.
Contractual Commitments
The filing shows Anthropic currently carries total contractual and other committed spending of $895 billion, most of it related to computing power and infrastructure.
- Approximately $448 billion is expected to be incurred by the end of 2030.
- About $70 billion of that will be paid within the 12 months ending September 2027.
IPO Plans
Anthropic submitted its initial public offering (IPO) application on October 26 and plans to list before the U.S. Thanksgiving holiday. People familiar with the matter previously said the company hopes to raise an amount equal to or exceeding the $86.2 billion SpaceX raised in its listing.
Source
domesticNeutral / independent
Part of this Story
Anthropic Investors Seek $1.5T-$1.6T IPO Valuation as Q3 Revenue Growth Slows to 47%