AI unicorn Anthropic reported Q3 revenue of $16.8 billion, a nearly 50% quarter-over-quarter increase, and achieved "adjusted profitability" and positive cash flow, the Financial Times reported on Thursday. However, market research firm P Equity Research and investment analyst Geiger Capital both deemed the performance "not good enough," primarily due to concerns that its revenue growth rate plummeted from a previous compound monthly growth rate of approximately 33% to between 3.4% and 6.6%, significantly below market expectations. ZeroHedge estimated that, if this trend continues, the company's annualized revenue by year-end would be approximately $89 billion, still about $10 billion short of the previously widely expected market target of over $100 billion. Additionally, Anthropic's token price has fallen to an all-time low, and increasing competition from open-source models has further squeezed its pricing power.