Technology
OpenAI reportedly tells investors annualized revenue is near $50 billion
The figure is lower than earlier estimates, triggering declines across artificial intelligence stocks.
The short version
- OpenAI disclosed to investors that its annualized revenue is near $50 billion, below previously reported estimates of $68 billion to $70 billion.[TechCrunch · CNBC]
- A source familiar with the matter stated the higher earlier figure incorporated gross partner revenue used to compare results with Anthropic.[CNBC]
- Artificial intelligence shares, including Nvidia, Oracle, and CoreWeave, fell following the disclosures.[CNBC]
- OpenAI confidentially submitted an IPO prospectus in June as company leadership targets a potential 2027 market debut.[CNBC]
Key facts
- OpenAI informed investors that its annualized revenue reached approximately $50 billion at the end of September.[TechCrunch · CNBC]
- The $50 billion annualized revenue figure is lower than earlier reported estimates of $68 billion to $70 billion.[TechCrunch · CNBC]
- A person familiar with the situation explained that the prior $68 billion estimate accounted for gross revenue from partners to facilitate comparisons with Anthropic.[CNBC]
- OpenAI reported 77% total run rate growth and 107% enterprise run rate growth in the third quarter.[CNBC]
- Shares of AI-related firms such as Nvidia, Oracle, and CoreWeave fell after OpenAI's updated revenue metrics were reported.[CNBC]
- OpenAI confidentially submitted its IPO prospectus in June, with leadership pointing to an anticipated 2027 debut.[CNBC]
What remains uncertain
- The role of partner gross revenue in differing revenue estimates stems from an anonymous person familiar with the presentation rather than an official public filing.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.