Lovable says its annualized revenue pace has passed $600 million. Co-founder Fabian Hedin gave the figure at the HumanX summit in Amsterdam, according to TechCrunch. The company had put the same measure at about $500 million in June, so its reported run rate has risen by roughly $100 million in three months.
Hedin also said two-thirds of Fortune 500 companies use Lovable and that apps made on the platform draw close to one billion visits a month in total. Those are company claims about adoption and traffic. Neither number says how much revenue the apps earn for their creators or how much of Lovable’s revenue comes from large business customers.
The figure describes today’s pace
Annualized revenue takes a recent revenue period and expresses it as a full-year rate. A $600 million pace does not mean Lovable has collected $600 million this year. The distinction matters for a fast-growing subscription business, where a run rate can change quickly.
TechCrunch reports that Lovable raised $300 million last December at a $6.6 billion valuation and $400 million this August at a $13.3 billion valuation. Funding and valuation show investor appetite; the run rate is the company’s claim about sales. The reported app visits measure use of products built on the platform, a different outcome again.
