On August 15, according to two informed sources, Anthropic anticipates its revenue to reach between $190 billion and $200 billion by 2028, significantly surpassing the annualized revenue forecast of $47 billion announced in May this year. Four sources stated that bankers and investors are using the enterprise value-to-revenue multiple method for valuation based on this forecast. It is common practice to use revenue multiples for valuing high-growth software companies that have not yet achieved stable profitability. However, extending the forecast period to two years ahead is unusual, reflecting both the rapid expansion of Anthropic's business and the challenge of setting valuation standards for a company still heavily investing in AI infrastructure construction.
