From TechCrunch · Lucas Ropek · · 1m 10s
OpenAI's revenue falls $20 billion short of projections
OpenAI told investors its annualized revenue is approaching $50 billion, not the $70 billion previously reported.
In brief
OpenAI told investors its annualized revenue is approaching $50 billion, not the $70 billion previously reported. OpenAI revised its revenue projections downward by twenty billion dollars to fifty billion dollars annualized, raising questions about the company's financial trajectory as it seeks to justify massive…
OpenAI cuts revenue forecast sharply
OpenAI has told investors its annualized revenue is approaching fifty billion dollars, down from a previously reported seventy billion dollars figure.
“approaching $50 billion”
The original projection came from investors
The seventy billion dollar figure was based on information OpenAI had previously shared with investors and was devised through attempts by OpenAI's own investors to produce a direct comparison with Anthropic's annualized revenues.
Different calculation methods explain the gap
OpenAI and Anthropic calculate their annualized revenue differently. Anthropic counts sales made by its cloud partners, while OpenAI does not include these in its figures.
Revenue troubles amid massive spending
OpenAI raised one hundred twenty two billion dollars in a March funding round but its leaked two thousand twenty five financials showed it made about thirteen billion dollars while spending significantly more. Its IPO has been pushed to early two thousand twenty seven.
The bottom line
OpenAI revised its revenue projections downward by twenty billion dollars to fifty billion dollars annualized, raising questions about the company's financial trajectory as it seeks to justify massive investments.
