FT: OpenAI annualized revenue is about $20 billion below earlier indications
FT reports OpenAI's annualized revenue run rate is ~50B versus ~70B previously cited, largely due to differing calculation methods versus Anthropic (notably partner-channel revenue inclusion). While the run-rate metric can be misleading, the headline recalibration may temper near-term AI-exuberance and refocus investors on revenue quality, channel mix, and comparability ahead of any potential IPO.
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OpenAI recently told investors its annualized revenue was approaching $50 billion at the end of September, below the $70 billion figure reported by some media outlets late last month, the Financial Times reported, citing investor documents. The gap stems from efforts by OpenAI investors to make a direct comparison with Anthropic’s annualized revenue, according to a person familiar with the matter. The report said the two companies calculate the metric differently, and noted that annualized revenue run rate can be misleading.