OpenAI quarterly revenue reportedly crosses $10B, TechCrunch reports
TechCrunch reports OpenAI quarterly revenue crossed $10B for the first time, citing Bloomberg.
TL;DR
- TechCrunch reports OpenAI quarterly revenue topped $10B, up nearly 50% from $6.7B in Q2.
- TechCrunch reports the company reached a $50B annual revenue run rate while narrowing its adjusted operating margin to -109%.
- It trails Anthropic, which TechCrunch says posted $17B in Q3 revenue and an $81B run rate.
TechCrunch reports that OpenAI’s quarterly revenue has crossed $10 billion for the first time. The outlet points to a Bloomberg story citing anonymous sources for the claim.
If accurate, this marks an almost 50% jump from the $6.7 billion TechCrunch says the company recorded in the second quarter. Growth had been running around 18% between the first and second quarters earlier in the year.
Profitability looks a bit better too. TechCrunch notes the adjusted operating margin narrowed from -150% in Q2 to -109% in Q3 in the third quarter, according to the same report.
OpenAI has now reached an annual revenue run rate of $50 billion, according to Bloomberg, TechCrunch reports. The company has also said it has over a billion users, though most are likely on free or low-cost plans.
TechCrunch points out that OpenAI has leaned on tighter pricing, discounts, better models, and more enterprise tools to catch up. It still trails rival Anthropic, which TechCrunch says posted $17 billion in Q3 revenue and an $81 billion run rate by end of October. The two firms count partner sales differently, so direct comparisons get tricky.
Both companies face heat from Meta, Google, Microsoft, Amazon and cheaper open-source models, especially from China.
The Tea
Big revenue numbers show the AI wave is scaling fast, but the real story is how OpenAI is scrambling to keep pace with Anthropic on the enterprise side while everyone else piles in. The gap between hype and steady profits is still wide open.
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