Anthropic relies on Google, Amazon and Microsoft for nearly half its revenue

What happened: Anthropic's IPO filing shows 48% of its revenue came through cloud marketplace sales from Google, Amazon and Microsoft in the first half of 2026, up from 11% in 2023. Key numbers: 48% of revenue via cloud marketplaces in H1 2026, up from 11% in 2023. Q2 sales $11.6 billion, operating profit $974 million. Why it matters: The filing describes the cloud providers as "investors, customers, distribution partners and competitors" at once, and warns they have visibility into Anthropic's pricing and commercial terms and could favor their own AI models. Market: +0.1% today ($248.96), +9.9% YTD, 0.5x vol — as of 18:17 UTC Verified: Q3_2026 (Oct 29) revenue $203.9B vs $203.9B est; next print ~Jan 28 Coverage: 4 outlets in 24h

Anthropic's IPO filing shows 48% of its revenue came through cloud marketplace sales from Google, Amazon and Microsoft in the first half of 2026, up from 11% in 2023.

The filing describes the cloud providers as "investors, customers, distribution partners and competitors" at once, and warns they have visibility into Anthropic's pricing and commercial terms and could favor their own AI models. Market: +0.1% today ($248.96), +9.9% YTD, 0.5x vol — as of 18:17 UTC Verified: Q3_2026 (Oct 29) revenue $203.9B vs $203.9B est; next print ~Jan 28