OpenAI's Annualized Revenue Revised Down to Nearly $50 Billion

According to the Financial Times on October 9, 2026, OpenAI has told investors its annualized revenue is approaching $50 billion, about $20 billion lower than the previously circulated $70 billion figure. The earlier $70 billion number came from estimates by OpenAI investors, intended for direct comparison with Anthropic's annualized revenue. The two companies use different accounting approaches: Anthropic includes sales by cloud partners in its annualized revenue, while OpenAI does not. On October 10, The Decoder, citing the Financial Times, added in a follow-up report that OpenAI's annualized revenue rate at the end of September was about $50 billion, and noted that the earlier nearly $70 billion figure was an accounting calculation comparable to Anthropic's, with the difference lying in how partner sales revenue is recognized; both calculations comply with US GAAP. The report also mentions that OpenAI is negotiating $30 billion in new funding at a $1.4 trillion pre-money valuation.

AI overview of reporting · Updated 9 days ago