Anthropic's $17B quarter came with $895B in purchase and lease commitments, mostly compute, and a swing back to a $567M operating loss ahead of its Nasdaq listing. Revenue rose 47% QoQ while adjusted

What happened: Anthropic reported third quarter revenue of $17 billion, up 47% on the previous quarter, but swung to an operating loss and disclosed about $895.4 billion in purchase and lease commitments, mostly for computing, in an updated prospectus ahead of its Nasdaq listing. Key numbers: Revenue $17 Why it matters: Investors will weigh the commitments and the return to operating loss ahead of the listing. Some investors have reportedly lowered valuation expectations to around $1.5 trillion from roughly $2 trillion after a sell-off in technology stocks over AI spending worries. Coverage: 5 outlets in 24h

Anthropic reported third quarter revenue of $17 billion, up 47% on the previous quarter, but swung to an operating loss and disclosed about $895.4 billion in purchase and lease commitments, mostly for computing, in an updated prospectus ahead of its Nasdaq listing.

Investors will weigh the commitments and the return to operating loss ahead of the listing. Some investors have reportedly lowered valuation expectations to around $1.5 trillion from roughly $2 trillion after a sell-off in technology stocks over AI spending worries.