OpenAI Reached Only $50B In Annualized Revenue, Down From the $68B Expected
AI-summarised brief · reviewed before publication
OpenAI disclosed to investors that its annualized revenue stood at roughly $50 billion at the end of September, a downgrade from the $68 billion figure reported a month earlier. The higher estimate had included gross revenue generated by OpenAI’s partners, a metric used to compare more directly with rival Anthropic. Despite the revision, OpenAI highlighted a 77 percent total run‑rate growth in Q3 and a 107 percent run‑rate increase in its enterprise segment. The clarification triggered a sell‑off in AI‑related equities; Nvidia fell 3 percent, Oracle nearly 6 percent, CoreWeave almost 8 percent, while AMD, Broadcom, Intel and Super Micro each dropped 4‑5 percent. The company, valued at $852 billion, faces pressure to justify its price ahead of a planned IPO, while Anthropic eyes a potential $2 trillion valuation.
💡 Why It Matters
- · Investors are reassessing the profitability gap between OpenAI and its rivals, forcing a recalibration of AI sector valuations just as both firms prepare high‑profile public listings.