Anthropic's Q3 revenue hits $16.8B but growth slows ahead of planned November IPO
Anthropic hit $16.8 billion in third-quarter revenue, a 45 percent gain that still falls far short of Q2's 140 percent surge. With a November IPO approaching, some investors now expect the company's valuation to drop below $1.5 trillion. Slowing growth and a tough market are cooling expectations for the AI boom's biggest Wall Street test yet.
Via The Decoder
Slowing growth and a tough market are hurting Anthropic's valuation ahead of its planned November IPO.
Anthropic shared its quarterly numbers with potential investors at a private meeting in San Francisco, according to multiple US media reports. Third-quarter revenue hit $16.8 billion. That marks a roughly 45 percent jump from the second quarter and is more than 3.6 times the company's total annual revenue for 2025.
Growth has slowed, though. In the second quarter, surging demand for the developer tool…
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