Anthropic reported $16.8 billion in revenue for the third quarter, marking a 45% sequential increase. The company also achieved adjusted profitability for the first time during this period.
The figures were shared during a private meeting with investors ahead of a planned initial public offering. The company is expected to list in November with a target valuation of up to $2 trillion.
Previous revenue figures for the year were $4.8 billion in the first quarter and $11.6 billion in the second quarter. In May, Anthropic secured $65 billion in funding, reaching a valuation of $965 billion.
To address rising competition and high service costs, Anthropic recently launched the Claude Haiku 5.5 model. The company claims this model costs approximately 75% less than the previous version, Haiku 4.5.
