OpenAI third-quarter revenue soars nearly 50% to $10 billion

Résumé détaillé

OpenAI quarterly revenue hit ten billion dollars for the first time in September, driven by strong demand for AI software and reaching fifty billion in annualised revenue.

OpenAI’s quarterly revenue hit $10 billion for the first time in the three months ending in September, according to people familiar with the matter, driven by strong demand for its latest artificial intelligence software.

The ChatGPT maker’s revenue increased nearly 50% from the prior quarter and almost threefold from the same period a year earlier, said the people, who asked not to be identified because the information isn’t public. The financial details were shared with investors during a call on Tuesday. OpenAI President Greg Brockman, Chief Financial Officer Sarah Friar and Thibault Sottiaux, a product leader at the company, spoke on the call, one of the people said.

From the second to third quarter, OpenAI’s adjusted operating margin narrowed to -109% from -150%, one of the people said.

The company also told investors on the call that it ended September with roughly $50 billion in annualised revenue, the people said.

After slipping behind longtime rival Anthropic PBC this year by some measures, OpenAI has regained momentum with competitive new AI models, aggressive price cuts and a greater focus on AI agents to help customers automate work. OpenAI’s business has shown signs of accelerating at a moment when Anthropic’s revenue growth has begun to slow somewhat.

Anthropic, which is nearing a landmark Wall Street debut, reported third-quarter revenue of about $17 billion. The rate of growth from the second quarter slowed to around 47%, compared with a more than 140% increase in the previous quarter. (OpenAI and Anthropic have historically calculated revenue figures differently.)

OpenAI is in the process of completing a new round of funding at a $1.25 trillion valuation after delaying plans to go public until next year. OpenAI recently completed an initial $11 billion part of that round, Bloomberg News previously reported.

Anthropic is targeting a $1.4 trillion valuation for its public listing later this month.

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