According to a report by the Financial Times, Anthropic disclosed its Q3 financial performance during a closed-door meeting with investors: 1) **Revenue surged significantly**: Q3 revenue reached $16.8 billion, up nearly 50% (approximately 46%) from $11.5 billion in Q2. This continues the company’s trajectory of hyper-growth. 2) **Achieved adjusted profitability**: On an adjusted basis (typically excluding non-cash or one-time costs like stock-based compensation), the company achieved quarterly profitability. Based on previous reports, this marks the second consecutive quarter of adjusted operating profit (Q2 was the first). Overall, this should be considered good news for the current market: 1) A quarter-over-quarter growth of about 46% from Q2’s $11.5 billion, maintaining this pace on an already large base, indicates strong enterprise demand with no significant slowdown. Especially given OpenAI’s rapid growth in Q3, Anthropic has managed to stay ahead. 2) Achieving adjusted profitability for two consecutive quarters is a highlight. After all, the biggest market concern has been that these companies are “burning cash forever.” This data alleviates some of those worries and helps support its high-valuation narrative. At a time when the market is skeptical about the AI boom, this data serves as a positive signal, stabilizing or even slightly boosting sentiment around AI-related assets. It especially proves that leading companies are starting to achieve adjusted profitability while maintaining high growth. Of course, the market will likely still wait to assess the sustainability of its performance, high capital expenditures, and other details like gross margins, customer structure, and cash flow, which will only become clearer after the S-1 filing is released.