OpenAI's revenue reached $10 billion by the end of the third quarter (July–September). This is a record figure for the ChatGPT developer, nearly 50% higher than the previous quarter's results and almost three times the revenue for the same period last year.
The financial details were disclosed during a closed call with investors, Bloomberg reports.
The company told investors that by the end of September its annual revenue run rate had reached about $50 billion.
OpenAI's adjusted operating margin improved — the negative figure narrowed to -109% versus -150% in the second quarter.
After the company lagged somewhat behind its main competitor Anthropic on some metrics during the year, OpenAI managed to regain momentum. This was helped by the release of new competitive AI models, aggressive price cuts on services, and a focus on developing AI agents to automate business workflows. OpenAI's growth is now accelerating against the backdrop of some stabilization in Anthropic's pace.
In parallel, OpenAI is finalizing a new investment round, within which the company's valuation could reach $1.25 trillion. The company previously postponed plans for an IPO to next year and has already closed the first part of this investment round in the amount of $11 billion.