OpenAI's revenue for the third quarter (July — September) reached $10 billion. This is a record figure for the ChatGPT developer, nearly 50% higher than the previous quarter's results and almost three times higher than 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 had fallen somewhat behind its main competitor Anthropic over the year by some metrics, OpenAI managed to regain momentum.
This was facilitated by the release of new competitive AI models, aggressive price reductions for services, and a focus on developing AI agents to automate business workflows.
Currently, OpenAI's growth is accelerating against the backdrop of a certain stabilization in Anthropic's pace.