The Financial Times reported, and TechCrunch relayed on October 8, that OpenAI told investors its annualized revenue is approaching $50 billion, about $20 billion below the figure of roughly $70 billion that had been reported about a week earlier. CNBC confirmed OpenAI told investors it hit roughly $50 billion at the end of September, against about $68 billion in earlier reports.
Per the FT, the higher number came from investors trying to compare OpenAI directly with Anthropic. TechCrunch notes the two companies calculate annualized revenue differently: Anthropic counts sales made through its cloud partners, while OpenAI does not. A source told CNBC the older figure included gross revenue from partners while the new one is net. OpenAI also cited 77% run-rate growth in the third quarter and 107% growth in its enterprise business.
CNBC reported that shares of Nvidia, Oracle and CoreWeave fell on the news. TechCrunch notes OpenAI's IPO has been pushed to early 2027.
Source: TechCrunch