Investing.com — Anthropic is projected to more than double its revenue from $4.8 billion in the first quarter to $10.9 billion in the second quarter, according to a report from the Wall Street Journal, citing figures shared during an ongoing funding round.
The company expects to post its first operating profit of $559 million in the June quarter. The reported operating profit includes model training costs but excludes stock-based compensation.
The quarterly growth rate currently outpaces the historical peaks of Zoom, Google, and Facebook.
The profitability milestone arrives earlier than previously anticipated. Last summer, Anthropic told investors it did not expect full-year profitability until at least 2028. The company may not remain profitable for the full year due to planned spending increases for computing and model training.
The funding round is expected to push Anthropic’s valuation above OpenAI’s.
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