OpenAI’s Quarterly Revenue Tops $10 Billion for the First Time, Bloomberg Reports

TL;DR

• OpenAI’s third-quarter revenue reportedly topped $10 billion, up nearly 50% from $6.7 billion in the previous quarter.
• Bloomberg attributed the increase to strong demand for OpenAI’s newer AI models.
• OpenAI’s adjusted operating margin reportedly improved to negative 109% from negative 150% in the second quarter.
• OpenAI reached a reported annual revenue run rate of $50 billion, while Anthropic put its own at $81 billion at the end of October.

OpenAI’s quarterly revenue crossed $10 billion for the first time in the third quarter, Bloomberg reported, citing people familiar with the results. Demand for its newer AI models helped lift sales nearly 50% from the $6.7 billion OpenAI reportedly brought in during the second quarter.

Revenue growth accelerates as margins improve

The third-quarter results mark a pickup from the roughly 18% revenue growth OpenAI reportedly recorded between the first and second quarters. Bloomberg said the company’s adjusted operating margin improved from negative 150% to negative 109%, leaving adjusted operating expenses well above revenue.

OpenAI says it has more than a billion users. It has also been expanding its offerings for businesses, including AI agents designed to carry out tasks and tools built for workplace use.

Anthropic reports an $81 billion revenue run rate ahead of IPO

Anthropic reported $17 billion in third-quarter revenue and said its annual revenue run rate reached $81 billion at the end of October, up $10 billion in a month. The Claude maker is targeting a valuation of about $1.4 trillion in its planned IPO.

Bloomberg put OpenAI’s annual revenue run rate at $50 billion. Anthropic includes sales made by its cloud partners in its figure, while OpenAI counts only its share of some partner sales.