OpenAI's revenue for the third quarter (July-September) reached $10 billion. This is a record figure for the ChatGPT developer, which is almost 50% higher than the results of the previous quarter and almost three times higher than the revenue for the same period last year.
OpenAI's revenue for the third quarter (July-September) reached $10 billion. This is a record figure for the ChatGPT developer, which is almost 50% higher than the results of the previous quarter and almost three times higher than the revenue for the same period last year.
The financial details were disclosed during a closed-door call with investors, Bloomberg reported .
The company told investors that its annual revenue growth rate reached about $50 billion at the end of September.
OpenAI's adjusted operating margin improved, with the negative figure decreasing to -109% compared to -150% in the second quarter.
After losing some metrics to its main competitor Anthropic during the year, OpenAI has 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 of Anthropic's pace.
In parallel, OpenAI is finalizing a new round of investment, within which the company’s valuation could reach $1.25 trillion. The company previously postponed its plans for an initial public offering (IPO) until next year and has already closed the first part of this investment round for $11 billion.
