Tech stocks drop after report that OpenAI’s revenue is lower than expected
The company said 77% third-quarter run-rate growth as investors questioned whether AI demand can support its valuation.
- 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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The projections attributed to ChatGPT's creative company a turnover of $68 billion, but it actually stood at $50 billion. The company also postponed its entry into the stock exchange at the beginning of 2027, due to debates about the risks posed by artificial intelligence.
Business Times
The Straits TimesOpenAI’s annualised revenue US$20 billion less than previously signalled: report
Discrepancy arises from attempts by OpenAI’s own investors to produce a direct comparison with Anthropic’s annualised revenue Read more at The Business Times.
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = The annual revenue of OpenAI, a leading U.S. artificial intelligence (AI) company, is $20 billion (approximately 26.8 trillion...) higher than initially reported
OpenAI’s annualized revenue $20 billion less than previously signaled, FT reports
Oct 8 (Reuters) - OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors. OpenAI did not immediately respond to a Reuters req...
OpenAI revenue run rate nears $50 billion, below prior estimates
OpenAI has told investors its annualized revenue was approaching $50 billion at the end of September, about $20 billion below reports of nearly $70 billion. The gap reflects differing accounting methods for revenue sold through cloud partners, rather than evidence of a sudden business slowdown; the company is still growing quickly but remains unprofitable.
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