[FLASH] Anthropic told prospective IPO investors Q3 revenue rose 45% to $16.8B, a slower pace than Q2
Reuters, citing attendees at an Oct 14 investor day in San Francisco, reported that Anthropic put Q3 revenue at $16.8B, up 45% from Q2's $11.6B. Q1 was $4.7B. Reports citing the FT say the quarter was adjusted-profitable and cash-flow positive. Coverage describes growth slowing from Q2's >140% jump and coming in below some backers' expectations; The Decoder reports that some investors now see an IPO valuation possibly below $1.5T, versus earlier ~$2T talk. Things to watch: these figures are unaudited and come from an investor presentation; also watch the public filing and November IPO timing as a gauge of how much the market will pay for frontier labs.