OpenAI’s annualized revenue stood at approximately $50 billion as of late September, a number that fell short of the widely cited $68 billion figure, according to CNBC. The Financial Times first reported the $50 billion figure.
Shares of Nvidia, Oracle, and CoreWeave fell Thursday following the disclosure. Oracle stock dropped more than 5%. The Nasdaq was down 1.4% in afternoon trading, with rising oil prices and Treasury yields also weighing on stocks.
The discrepancy between the two revenue figures does not reflect a loss of sales. CNBC cited a person familiar with the matter who explained that the $68 billion number incorporated gross revenue from partner companies, a methodology investors used to put OpenAI’s performance on equal footing with Anthropic. That inflated baseline then fed into reports of figures ranging from roughly $68 billion to $70 billion, after OpenAI shared with investors that its revenue had risen more than 70%, according to Benzinga.
Beyond the $50 billion annualized revenue number, OpenAI’s investor presentation highlighted third-quarter run rate growth of 77% across the business and 107% growth specifically within its enterprise segment, CNBC reported, citing a person familiar with the presentation who declined to be identified.
OpenAI told investors late last month that its annualized revenue run rate had climbed by more than 70% since the third quarter began, and that its enterprise sales had more than doubled since July. At the time, reports put the figure at nearly $70 billion. OpenAI posted a net loss of $38.5 billion in 2025 on $13.07 billion in revenue.
OpenAI is seeking to raise around $30 billion in a new funding round, according to CNBC. No term sheet has been finalized, and the round is being driven by investor demand. OpenAI’s previous raise, a $122 billion round, closed in March. Chief Financial Officer Sarah Friar told CNBC last week that the company is still well capitalized.
OpenAI is also preparing for an initial public offering. The company confidentially filed its prospectus with regulators in June, and executives have indicated they are targeting a 2027 debut, according to CNBC. Chief Executive Officer Sam Altman has ruled out a 2026 listing. The company’s current valuation stands at $852 billion.
Source: finance.yahoo.com
