Anthropic is reportedly about to have its first profitable quarter
Key takeaways
- It’s on track to post $10.9 billion in revenue, according to The Wall Street Journal.
- Chesnot/Getty Images Anthropic is on track to post a revenue of $10.9 billion for the quarter ending in June, double the revenue it made for the first quarter, according to The Wall Street Journal.
- Even though chances are high that it will reach profitability for the quarter, Anthropic doesn't expect to be profitable in the quarters that follow.
It’s on track to post $10.9 billion in revenue, according to The Wall Street Journal.
Chesnot/Getty Images Anthropic is on track to post a revenue of $10.9 billion for the quarter ending in June, double the revenue it made for the first quarter, according to The Wall Street Journal. Out of that total, the company expects to post $559 million in operating profit, making it the company's first profitable quarter since it was founded in 2021 if it hits that target. The company reportedly revealed those figures to a group of investors for its current funding round, which could boost its valuation past OpenAI's.
Even though chances are high that it will reach profitability for the quarter, Anthropic doesn't expect to be profitable in the quarters that follow. The company is planning to spend more money on computing and other expenses as it grows its operations further. Anthropic used to lag behind its peers and wasn't quite as well-known as rivals like OpenAI, even though it sells its products to large enterprise customers. It has been steadily gaining popularity over the past months, however, with its chatbot Claude climbing to the top of the Apple App Store following the company's clash with the Defense Department.