OpenAI Posts About $10 Billion in Q3 Revenue as Losses Persist
The Wall Street Journal reports OpenAI's adjusted operating loss widened to $10.9 billion, while Anthropic posted $17 billion in quarterly revenue.
OpenAI recorded third-quarter revenue of about $10 billion, up nearly 50% from the previous quarter, according to figures reported by The Wall Street Journal. The company's adjusted operating loss widened slightly, from $10.1 billion to $10.9 billion.
OpenAI's adjusted operating margin improved from minus 150% in the second quarter to minus 109% in the third quarter. Stock-based compensation for the quarter was $2.6 billion.
Rival Anthropic reported third-quarter revenue of $17 billion and an operating loss of $567 million, a figure that includes stock-based compensation.
About 100 million people pay for ChatGPT, equal to 8.5% of weekly active users, a slightly higher share than in the previous quarter. OpenAI has also cut prices on its latest models to compete with Anthropic in the enterprise market.
Context
In last year's third quarter, OpenAI's revenue was $3.9 billion and its operating margin was minus 97%. Anthropic's revenue overtook OpenAI's earlier this year on the popularity of the Claude Code coding tool, and Anthropic posted a small operating profit in the second quarter.
Quick answers
How much revenue did OpenAI report in the third quarter?
OpenAI recorded third-quarter revenue of about $10 billion, up nearly 50% from the previous quarter, according to The Wall Street Journal.
How much revenue did Anthropic report in the third quarter?
Anthropic reported third-quarter revenue of $17 billion and an operating loss of $567 million, including stock-based compensation.
How many people pay for ChatGPT?
About 100 million people pay for ChatGPT, equal to 8.5% of weekly active users.