Anthropic Hits $16.8 Billion but IPO Buzz Starts to Cool

Anthropic told prospective investors at a pre-IPO meeting in San Francisco on October 14 that third-quarter revenue reached $16.8 billion, up 45% from $11.6 billion in the second quarter, Reuters reported, citing an investor who attended the event. The Claude developer also disclosed that it was profitable on an adjusted basis during the quarter, marking a financial milestone as the company prepares for a highly anticipated public listing. The 45% sequential increase represents a sharp deceleration from the first half of 2026. Revenue more than doubled between the first and second quarters, jumping from $4.7 billion to $11.6 billion. First-quarter revenue itself was already a significant leap from Anthropic’s full-year 2025 total of nearly $4.6 billion, CNBC reported, with a secondary report putting first-quarter revenue at approximately $4.7 billion.

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