Anthropic tells investors quarterly revenue rose nearly 50% to $16.8bn ahead of IPO

Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO

Anthropic disclosed to investors that Q3 revenue grew nearly 50% from Q2 to $16.8bn, per FT coverage relayed by Simon Willison. Q1 revenue was about $4.8bn and Q2 $11.5bn. Q3 brought in $1.70 of revenue per $1 of compute spend, with an adjusted operating margin of 11% excluding stock-based compensation.

Why it matters: Anthropic's revenue and compute-spend ratio give cost context to its quarterly growth, and the profit figure excludes stock-based compensation.