Anthropic Revenue Rises 46.7% as Pre-IPO Contracts Slide

Anthropic’s third-quarter revenue climbed 46.7% from the prior quarter, while contracts tied to a potential public listing fell across three crypto trading venues as infrastructure expenses grew faster than sales. The AI company recorded $16.956 billion in revenue, up from $11.555 billion in the second quarter. Compute and infrastructure expenses rose to $9.863 billion from $5.558 billion, a 77.5% increase. Adjusted operating profit increased to about $2.5 billion from roughly $2.2 billion, but adjusted operating margin narrowed to 15% from 19%.

Source: TokenPost