According to online sources, OpenAI’s revenue for the quarter reached $10 billion for the first time. This result was achieved in the previous quarter of the year, which ended in September. Revenue growth is driven by high demand for the company’s latest AI models.
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OpenAI’s revenue in the third quarter of this year grew by 50% compared to the previous three-month period and almost tripled compared to the same period last year. This was reported by knowledgeable sources who wished to remain anonymous, since this information is not intended for public dissemination – the company has not yet entered the stock exchange and should not publicly report on its quarterly results.
OpenAI presented financial results for the quarter to investors during a video conference meeting this week. It was attended by OpenAI President Greg Brockman, CFO Sarah Friar and head of product Thibault Sottiaux. During the call with investors, it said that OpenAI’s adjusted operating margin became less negative, moving from -150% in the second quarter to -109% in the third quarter. Company representatives also said that as of the end of September, OpenAI’s annualized revenue was approximately $50 billion.
After falling behind rival Anthropic in some metrics earlier this year, OpenAI has regained momentum, helped by the launch of new AI models, price cuts and a greater focus on AI agents, which enable clients to automate processes.
OpenAI’s business is showing signs of accelerating just as Anthropic’s revenue growth has begun to slow. At the end of the third quarter, Anthropic’s revenue was about $17 billion. The growth rate compared to the second quarter slowed to about 47%, while in the previous three-month period this figure was 140%. It is noted that OpenAI and Anthropic calculate revenue differently.
OpenAI is in the process of completing its next round of funding, estimating the company’s market value at $1.25 trillion. At the same time, the developer of ChatGPT postponed its entry into the stock exchange until next year. According to the source, the company has already attracted $11 billion in investment as part of the current funding round. Anthropic is targeting a valuation of $1.4 trillion in a public offering scheduled for later this month.
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