OpenAI quarterly revenue reportedly passes $10bn for first time

Key points

• Quarterly revenue crossed $10bn, up almost 50% from $6.7bn in the second quarter, per Bloomberg's anonymous sources.
• Anthropic said on 10 November its annual revenue run rate rose by $10bn in a month to $81bn at the end of October.

OpenAI's quarterly revenue crossed $10bn for the first time, Bloomberg reported, citing anonymous sources. That would be an almost 50% rise on the $6.7bn in sales the company reportedly booked in the second quarter, and a sharp step up from the roughly 18% growth previously reported between the first and second quarters.

The profitability picture also improved, according to the report: OpenAI's adjusted operating margin narrowed from -150% in the second quarter to -109% in the third. The company has now reached an annual revenue run rate of $50bn, Bloomberg said.

OpenAI says it has more than a billion users, though most are likely on free or cheapest plans. It has leaned on tighter pricing, discounts, better models and more enterprise products and AI agents, while competing with Meta, Amazon, Microsoft, Google and cheaper open-source models, especially from China.

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