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Tech stocks drop after report that OpenAI’s revenue is lower than expected
The revised figure came in about $20 billion below earlier reports, and OpenAI also cited 77% total run-rate growth in the third quarter.
- On Thursday, shares of Nvidia, Oracle, and CoreWeave sank after The Financial Times reported OpenAI's annualized revenue is approaching $50 billion, significantly lower than the $68 billion figure previously circulated.
- Previous revenue estimates of $70 billion stemmed from investor attempts to produce direct comparisons with rival Anthropic's annualized earnings, according to The Financial Times report.
- OpenAI touted 77% total run rate growth and 107% enterprise growth during the third quarter, though earlier 2025 financials showed the company earned about $13 billion.
- Executives signaled the company's anticipated IPO has been pushed off until early 2027, as OpenAI faces mounting pressure to justify its $852 billion valuation to investors.
- Following a historic $122 billion funding round in March, CFO Sarah Friar stated last week the company remains "very well capitalized" amid early-stage discussions about potential new funding.
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33 Articles
ChatGPT creators have reduced appetites by $20 billion
ChatGPT creators have reduced appetites by $20 billionThe American technology company OpenAI (the creators of ChatGPT) lowered its annual revenue expectations to $ 50 billion from the previous $ 70 billion, the Financial Times writes, citing the...
OpenAI’s Revenue Run Rate Nears $50 Billion, Less Than Reported
OpenAI is on track to generate annualized revenue of roughly $50 billion based on its current performance, according to people familiar with the matter, an uptick from the prior year but less than some recently reported estimates for the ChatGPT maker.
·New York, United States
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Coverage Details
Total News Sources33
Leaning Left3Leaning Right4Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 19%
C 56%
R 25%
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