OpenAI Tops $10 Billion Quarterly Revenue as Growth Reaccelerates to Nearly 50%
Updated
Updated · TechCrunch · Nov 11
OpenAI Tops $10 Billion Quarterly Revenue as Growth Reaccelerates to Nearly 50%
3 articles · Updated · TechCrunch · Nov 11
Summary
$10 billion in quarterly revenue would mark OpenAI's first time above that threshold, according to Bloomberg, after a slowdown earlier this year.
Nearly 50% growth from $6.7 billion in the second quarter was driven by strong demand for newer AI models, tighter pricing, discounts and a bigger push into enterprise products and AI agents.
Adjusted operating margin improved to -109% in the third quarter from -150% in the second, suggesting losses narrowed as sales accelerated.
A $50 billion annual revenue run rate still leaves OpenAI behind Anthropic on reported scale after its rival said its own run rate reached $81 billion, though the two companies count partner sales differently.
The rebound matters as OpenAI faces intensifying competition from Anthropic, Big Tech model makers and lower-cost open-source rivals, especially from China.