OpenAI Revenue Hits $10B as Losses Shrink

OpenAI's quarterly revenue crossed $10 billion for the first time, according to a Bloomberg report citing anonymous sources, a jump of nearly 50% from the $6.7 billion the company reportedly booked in the second quarter. The report credits strong demand for OpenAI's newer AI models for the surge, which also marks a sharp acceleration from the roughly 18% growth rate the company posted between the first and second quarters. Profitability is moving in the right direction too: OpenAI's adjusted operating margin reportedly narrowed from -150% in Q2 to -109% in Q3.

The numbers matter because OpenAI has spent much of this year getting outpaced on growth by Anthropic, which recently reported Q3 revenue of $17 billion and has built a commanding position in the enterprise AI market. OpenAI's strength has always been its sprawling consumer reach, over a billion users by its own count, though most of those are likely on free or low-cost plans rather than paying for anything close to enterprise-grade access. That split in strategy, consumer scale versus enterprise depth, has shaped how each company's revenue has grown and who's winning which part of the market.