What did Scott Galloway say about Anthropic's IPO filing numbers on Pivot?

Scott Galloway called Anthropic the fastest-scaling software company in history. By his reading of the filing, revenue went from $386 million in 2024 to about $4.5 billion in 2025, and the first half of 2026 alone brought in $16.3 billion, an annual pace near $40 billion. He still disliked the adjusted profit measures and noted Anthropic books the full value of token sales where OpenAI books only its share.

• The filing shows first-half 2026 revenue of $16.3 billion against $1.2 billion a year earlier.
• Five customers accounted for about a quarter of revenue in the first nine months of the year.
• Anthropic's co-founders, including CEO Dario Amodei, keep a combined 50.1% of voting power.
• The filing spends 94 pages on risk factors.

Source: our own transcription of the episode. The full conversation is on Pivot (2026-10-27). Read the whole episode summary →

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