OpenAI posted quarterly revenue of $10 billion, a roughly 50 percent jump from the prior quarter, while its adjusted operating loss widened to $10.9 billion from $10.1 billion. The company shared the figures with investors on Tuesday as rival Anthropic prepares for its initial public offering next week.
By the Numbers
Revenue surged to $10 billion in the third quarter, driven by ChatGPT subscriptions and enterprise APIs. The adjusted operating margin improved to negative 109 percent from negative 150 percent in the second quarter. Even with the margin gain, the absolute loss grew because infrastructure and R&D spending expanded alongside sales. The $10.9 billion adjusted operating loss excludes stock-based compensation, which rose to $2.6 billion in the quarter. Anthropic, by contrast, reported $17 billion in third-quarter revenue and an operating loss of $567 million, a figure that includes stock compensation.
Enterprise Push and Pricing Pressure
OpenAI is racing to gain ground in the enterprise market, where Anthropic has established a lead. The company recently hired Dali Rajic as chief revenue officer to focus on that segment, which is accounting for a growing share of overall sales. OpenAI has also cut prices on its latest models to win market share. Anthropic’s roadshow is targeting a valuation between $1.4 trillion and $1.5 trillion, putting additional pressure on OpenAI to demonstrate a path to profitability ahead of its own anticipated 2027 listing.
Strategic Backing
TSMC’s board approved strategic investments of up to $500 million each in OpenAI and Anthropic, totaling $1 billion. The investment in Anthropic is planned at its IPO price, while the OpenAI stake would come through preferred shares. The move signals that the chipmaker is deepening ties with the two largest consumers of its advanced process capacity.
The Wall Street Journal first reported the OpenAI figures on Tuesday.
Sources
- OpenAI Continues to Suffer Heavy Losses as Revenue Rises to $10 Billion
- OpenAI Continues to Suffer Heavy Losses as Revenue Rises to $10 Billion
- The Wall Street Journal (@WSJ) on X
- OpenAI Revenue Tops $10 Billion as Third-Quarter Sales Rise 50% Year-on-Year Amid Staggering 109% Loss Rate
- TSMC Surges Over 5% Pre-Market as Record Revenue Poised to Help TSM Recoup All November Losses
Photo: HaeB (CC BY-SA 4.0)
