OpenAI's quarterly revenue hits $10 billion, while its losses reportedly widen
The CFO put the revenue on the record. The loss figures come from the Wall Street Journal's reporting on investor documents.
By Robert Harrison ·
Why it matters: OpenAI's president says he believes the company will be ready to go public in 2027, while the Wall Street Journal reports the company is still running billions in operating losses as revenue climbs.
For information only, not investment advice.
OpenAI's revenue is surging, and its losses are still widening.12 CFO Sarah Friar said third-quarter revenue rose nearly 50% from the prior quarter to $10 billion.2 Operating losses still widened to $10.9 billion from $10.1 billion, The Wall Street Journal reported, citing documents it viewed.1
The Journal said OpenAI told investors its adjusted operating margin improved to -109% from -150% the quarter before.1 Friar put the annual run rate at roughly $50 billion and said the enterprise business doubled over the quarter, with revenue now split evenly between enterprise and consumer.2
The nearly 50% increase is a sharp pickup from the 18% growth OpenAI saw in the second quarter.2 Greg Brockman, OpenAI's president, said earlier this month he believes the company will be ready to go public in 2027.3
Sources
Tags: ai · earnings · ipo