OpenAI told investors its annualized revenue is approaching $50 billion, a figure that is $20 billion less than a previously projected $70 billion. The Financial Times reports that the company shared this updated revenue estimate with investors, which was based on information previously shared by OpenAI.
The earlier $70 billion figure was derived from attempts by OpenAI’s own investors to create a direct comparison with Anthropic’s annualized revenues. However, the two companies calculate their annualized revenue differently, with Anthropic including sales made by its cloud partners, a practice OpenAI does not follow.
OpenAI’s financial situation has been a topic of concern as it justifies the massive investments being made on its behalf. The company raised $122 billion in a single March funding round and has faced challenges in balancing its revenue with significant expenditures.
"The previous figure of $70 billion was based on information that had previously been shared with investors by OpenAI," said the Financial Times. The publication noted that the updated revenue figure reflects a more accurate assessment of OpenAI’s financial position.
The company’s IPO, which was previously expected this year, has been delayed until early 2027. OpenAI did not provide further details on its financial outlook and remains focused on its long-term strategic goals.
Source: techcrunch
