OpenAI revises revenue forecast down to $50bn

Summarised from 3 outlets · Updated 8 Oct, 19:37 · Archive

OpenAI told investors its annualised revenue is approaching $50bn, $20bn less than previously reported.

OpenAI has informed investors that its annualised revenue is approaching $50bn, the Financial Times reports. This represents a significant downward revision from the $70bn figure recently circulated, which had been based on information OpenAI's own investors had previously shared when attempting to compare the company's performance with Anthropic's.

The two companies calculate their annualised revenue differently. Anthropic counts sales made by its cloud partners in its figures, whilst OpenAI does not include such indirect sales in its calculations. This methodological difference explains part of the discrepancy between the two firms' reported revenues.

The revenue clarification comes as OpenAI attempts to justify the substantial investments being made into the company. OpenAI raised $122bn in funding during a March round alone. The company's leaked 2025 financials showed it had generated approximately $13bn in revenue whilst spending considerably more. OpenAI's planned initial public offering, previously expected in 2026, has been pushed back to early 2027.

How it is being reported

• OpenAI’s revenue is reportedly $20 billion less than previously projectedIt had previously been reported that the AI lab's annualized revenue was some $70 billion, but a new report claims it's a whole lot less than that.TechCrunch · 8 Oct, 19:19
• Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue reportOpenAI has told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed.CNBC · 8 Oct, 19:18
• OpenAI annualised revenues $20bn less than previously signalledAI giant recently told investors the key figure was approaching $50bn in September, far less than the $70bn that was widely reportedFinancial Times · 8 Oct, 17:42

In this story: OpenAI · Financial Times · Anthropic

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