OpenAI revenue hits $10b, but operating loss widens
Dubai: OpenAI’s quarterly revenue reached $10 billion for the first time in the three months to September, according to a Bloomberg report. Demand for the company’s latest artificial intelligence software is what is said to have contributed to the increase. Revenue climbed nearly 50 per cent from the second quarter and almost tripled from the same period a year earlier. People familiar with the…
OpenAI's quarterly revenue reached a milestone of $10 billion in the three months leading up to September, marking a 50% increase from the previous quarter, according to a Bloomberg report. This surge in revenue, coupled with a widening operating loss, came as investors and executives discussed the figures on a call on November 10.
While adjusted operating margins improved to -109% from -150% between the second and third quarters, indicating a loss of $1.09 for every dollar earned, the operating loss still grew to $10.9 billion from $10.1 billion. Despite the financial setbacks, OpenAI's revenue continues to climb, reaching approximately $50 billion annually, a pace that was once lagging behind its rival, Anthropic.
OpenAI's competitive edge, fueled by new AI models, aggressive pricing, and a sharper focus on AI agents, has helped regain market momentum.
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