From TechCrunch · Ram Iyer · · 1m 30s
OpenAI's quarterly revenue crosses $10 billion
OpenAI reports its first ten-billion-dollar quarter, nearly doubling revenue from the previous three months.
In brief
OpenAI reports its first ten-billion-dollar quarter, nearly doubling revenue from the previous three months. OpenAI's quarterly revenue crossed ten billion dollars for the first time, up nearly fifty percent from six point seven billion in the second quarter. Originally reported by TechCrunch.
OpenAI hits ten billion in quarterly revenue
OpenAI's quarterly revenue crossed ten billion dollars for the first time, according to Bloomberg, citing anonymous sources. The company credits strong demand for its recent AI models.
Nearly fifty percent jump from Q2
The ten billion dollar figure represents an almost fifty percent increase from the six point seven billion in sales OpenAI reportedly recorded in the second quarter.
Growth rate accelerates sharply
OpenAI's revenue growth rate jumped significantly from about eighteen percent between the first and second quarters to this much larger increase in the third quarter.
Profitability gap narrows
OpenAI's adjusted operating margin improved to negative one hundred nine percent in the third quarter, down from negative one hundred fifty percent in the second quarter.
Anthropic still leads in enterprise
Anthropic reported Q three revenue of seventeen billion dollars and has taken the lead in capturing the enterprise market for AI models, where OpenAI has lagged behind.
OpenAI reaches fifty billion annual run rate
OpenAI has now reached an annual revenue run rate of fifty billion dollars. Anthropic's annual revenue run rate increased to eighty one billion dollars as of the end of October.
The takeaway
OpenAI's quarterly revenue crossed ten billion dollars for the first time, up nearly fifty percent from six point seven billion in the second quarter.
