OpenAI quarterly revenue hits US$10 billion as losses widen, reports say
Its adjusted operating margin improved to -109%, but the adjusted operating loss increased to US$10.9 billion, according to documents seen by The Wall Street Journal.
OpenAI’s third-quarter revenue increased almost 50% from the second quarter to US$10 billion, according to The Information. The Wall Street Journal separately reported that the company’s adjusted operating loss widened from US$10.1 billion to US$10.9 billion, citing documents it had seen.
Those documents put the adjusted operating margin at -109%, compared with -150% in the second quarter. Bloomberg, citing people familiar with the matter, said revenue had reached US$10 billion in a quarter for the first time and was almost three times the year-earlier figure. The company declined Bloomberg’s request for comment.
Bloomberg attributed the renewed revenue momentum to new models, price cuts and a greater emphasis on AI agents. It also reported that OpenAI told investors its annualized revenue stood at roughly US$50 billion at the end of September.
For comparison, Anthropic’s IPO filing on 2 November disclosed revenue of US$16.96 billion for the third quarter, an operating loss of US$567 million and an adjusted operating margin of 15%. Revenue grew about 47% from the preceding quarter, following growth of 144% in the quarter before that.
The companies use different revenue accounting methods, TechCrunch noted: Anthropic includes cloud-partner sales, while OpenAI records only its share of certain partner transactions. Separately, Bloomberg reported that OpenAI is completing a funding round valuing it at US$1.25 trillion.
