Anthropic revenue growth slows, pressuring planned November IPO valuation
What happened
The Decoder reported on October 15 that Anthropic's third-quarter revenue reached $16.8 billion, up about 45% quarter over quarter, and that the slowing pace weighs on the valuation for its planned November IPO. US outlets say the company has posted adjusted profits for two straight quarters, with an 11% adjusted operating margin through the third quarter, a figure that excludes stock-based compensation and other major costs. Some potential investors were disappointed by the revenue numbers and expect the IPO valuation may fall below $1.5 trillion. Anthropic also told investors that measures to block knowledge distillation may cut into related revenue and drag on this quarter's results.
Written by AI from the coverage · updated 2 hours ago
Coverage
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- The DecoderPickAnthropic Q3 revenue hits $16.8B as slowing growth weighs on planned November IPO valuation
Anthropic posted $16.8B in third-quarter revenue, up about 45% quarter over quarter, a slower pace that weighs on its planned November IPO valuation. US media report two straight quarters of adjusted profitability, with an 11% adjusted operating margin through Q3, a figure that excludes stock-based compensation and other major costs. Some potential investors were disappointed by the revenue number and expect the listing valuation to fall below $1.5 trillion. Anthropic also told investors that measures blocking knowledge distillation may cut related revenue and drag on this quarter.
Heat over time
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