Anthropic revenue jumps to $16.8B in third quarter

30 pointsposted 10 hours ago
by orf
(ft.com)

17 Comments

pvab3

9 hours ago

It was supposed to keep growing exponentially, which this is clearly not. This is up 46% from last quarter, which itself was up 140% from the previous quarter. It's growing revenue, but it's not good news for Anthropic.

no-name-here

6 hours ago

> revenue jumps

> It was supposed to keep growing exponentially

1. Did Anthropic say revenue would grow exponentially?

> This is up 46% from last quarter

2. From googling, their target is 195B for 2028, so they’d need ~15% growth per period going forward to hit that?

pllbnk

2 hours ago

There are two ends of the rope pulling the opposite ways. On one end there are companies who are only now starting to onboard on AI and their spend grows. On the other end there are companies with certain maturity who are starting to calculate their spend, put on the limits of employees, explore alternative models with the aim to limit spend.

I think as the pool of new adopters shrinks and the pool of advanced adopters grows, the spending on LLMs will start to fall.

Balinares

an hour ago

I'm told that Anthropic has been locking enterprise customers into contracts with a mandatory amount of spend in exchange for a minor rebate. I don't know how widespread those contracts are, but either way, my guess is that when they eventually expire, those customers will switch to e.g. DeepSeek for the 80% of workloads that don't need the extra oomph of Opus. I don't know if the numbers at that point will add up to Anthropic surviving. They do seem to be concerned, judging by how hard they seem to be pushing for regulatory capture.

bushbaba

8 hours ago

Makes you wonder how much of q3 revenue growth was early on. And what’s the current MoM growth.

2ssaa

8 hours ago

There's a well established phenomena called managed earnings.

dyauspitr

5 hours ago

Exponentially? On billions of dollars of revenue? That doesn’t sound right.

claaams

9 hours ago

Does this even cover the interest payments on their loans?

nly

9 hours ago

No sweat. Those bonds are going to be converted into equity and dumped on retail investors when they go public.

panny

9 hours ago

May I see it?

Grimblewald

9 hours ago

jesus, at that level of increase I shudder to think how much their expenses had to rise.

jacquesm

8 hours ago

The biggest risk for Anthropic is that they have committed to a certain expenditure level. If they are not yet profitable at that time or if they can not raise more they could get into serious trouble.

2ssaa

8 hours ago

They are in serious trouble.

The only solid outcome for the powers that be is that VC is allowed to cash out and re-invest it to ensure America stays ahead. Whatever happens to employee shares - who cares.

The gap between China and USA is closing. Im not talking LLMs. Im talking purely about innovation - USA may be technically more creative but China are great a) copying b) latching on and coming up with creative ways to be efficient. Having lots of VC capital with a preference for USA is very strategically important.

andriy_koval

5 hours ago

I think China is also creative, but plus they have superior ability of industrial manufacturing scalability compared to US.