{
  "id": 19428564,
  "title": "OpenAI Q3 revenue soars nearly 50% to US$10 billion",
  "url": "https://urgent.news/2026/11/11/openai-q3-revenue-soars-nearly-50-to-us-10-billion",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-11T00:58:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/openai-q3-revenue-soars-nearly-50-to-us10-billion"
  },
  "original_language": "en",
  "account": "OpenAI reported a staggering US$10 billion (S$12.8 billion) in revenue for the third quarter ending in September, marking a remarkable 50% increase from the previous quarter and nearly three times the revenue from the same period a year ago, according to a person familiar with the company's financials. This surge in revenue comes after OpenAI has recently gained traction with new AI models, competitive pricing, and a stronger emphasis on AI agents to automate tasks for customers. The company's recent financial results, shared with investors during a call on November 10, indicate a resurgence in its business performance as it tries to catch up with its long-standing rival, Anthropic. OpenAI's revenue growth outpaced Anthropic's, which reported a slower third-quarter revenue growth of around 47%, from the second quarter. Both companies have been navigating the competitive landscape in the AI sector, with OpenAI nearing a significant funding round at a valuation of US$1.25 trillion, while Anthropic is aiming for a US$1.4 trillion valuation for its public listing later in November.",
  "summary": "It is up nearly 50% from the previous quarter and almost three times a year earlier.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "Source: OpenAI told investors on Tuesday that its revenue jumped 50% to around $10B in Q3, up from 17% growth in Q2 (The Information)",
        "url": "https://urgent.news/2026/11/10/source-openai-told-investors-on-tuesday-that-its-revenue-jumped-50-to",
        "published": "2026-11-10T21:22:07.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports",
        "url": "https://urgent.news/2026/11/10/openai-posts-steep-losses-even-as-quarterly-revenue-rises-to-10",
        "published": "2026-11-10T23:53:56.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "OpenAI’s third-quarter revenue soars nearly 50% to US$10 billion",
        "url": "https://urgent.news/2026/11/11/openais-third-quarter-revenue-soars-nearly-50-to-us-10-billion",
        "published": "2026-11-11T00:16:07.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "OpenAI Q3 revenue climbs to $10b as costs remain high",
        "url": "https://urgent.news/2026/11/11/openai-q3-revenue-climbs-to-10b-as-costs-remain-high",
        "published": "2026-11-11T00:55:06.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reports",
        "url": "https://urgent.news/2026/11/11/openai-posts-steep-losses-even-as-quarterly-revenue-rises-to-10",
        "published": "2026-11-11T01:22:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}