OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth
- As of June 9, 2025, OpenAI reported generating $10 billion in yearly recurring revenue, fueled by its ChatGPT offerings for both consumers and businesses based in San Francisco.
- This milestone comes after OpenAI introduced ChatGPT in late 2022 and secured $40 billion in funding during March to fuel its expansion, despite experiencing a $5 billion loss the previous year.
- OpenAI supports over 500 million active users each week and has grown its base of paying business clients to 3 million, with paid subscriptions—such as its Enterprise, Team, and Edu offerings—accounting for 75% of its revenue.
- The company expects to triple 2024 revenue to $12.7 billion in 2025 and aims for $125 billion by 2029, although profitability is not forecasted until then due to high infrastructure costs.
- OpenAI’s rapid growth and innovation, including a late May partnership with Jony Ive to create AI devices, underscore its dominant position and ambitious future revenue targets.
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TikTok and ChatGPT Took the Lead in Mobile App Revenue as Spending Jumped in May
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OpenAI Surges Past $10 Billion In Annualized Revenue Amid Record ChatGPT Use, Leaves Rivals Like Amazon-Backed Anthropic Behind - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)
OpenAI's annualized revenue has doubled to $10 billion in just six months, driven by soaring ChatGPT adoption and positioning the company to hit its $12.7 billion target for 2025.
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