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points by bko 3 days ago | 0 comments

The S-1 is already out of date. Q3 revenue is $16.8b compared to $11.6b in Q2 (reflected in the S1).

I get why revenue blew up from say from Q4 2025 to Q1 2026, but this was surprising. 45% QoQ growth. When does it stop?

Wait, it fell from 140% growth to 45% growth and that's a good thing? If they fall to 15% growth in Q4, will that be even better? Where are we supposed to be on the adoption curve?

[–] throwa356262 3 days ago

IMO we are already at the enshitfication stage.

Anthropic increased short term profits by jacking up their prices for enterprise accounts - by starting charging API prices instead of plan prices. It is possible we soon see customers fleeing Anthropic once they find a good alternative

[–] datadrivenangel 3 days ago

Yeah, everyone I know paying enterprise prices is really looking at them wondering if it's worth it. Most of them think it is, but they're also looking at alternatives...

[–] nemonemo 3 days ago

It does not seem as bad as it sounds like. The numbers are quarter-by-quarter and the market is fluctuating day-by-day basis. To me, growing in this fierce market by 45% qoq seems amazing by itself.

[–] jacquesm 3 days ago

> When does it stop?

Roughly a week after Dario has rung the bell. Note that the growth in absolute sense hasn't peaked yet but the curve itself is already flattening and everybody with some sense for stock prices will read that as a very relevant signal.

The party that wins here is NV, Anthropic, not so much. But that's good then Dario and his sister can go back to improving the world. Let's hope they take Altman with them.

[–] baq 3 days ago

Now, hence IPO.

[–] weieq2211 3 days ago

Correct.

You buying at the inflated price I take? Much of your posts are pro AI - yes this is a test

[–] baq 3 days ago

Yes, I'm buying. Alphabet.