NEWS · COMPANIES · #1735
OpenAI tells investors annualized revenue is approaching $50B, not $70B
The Financial Times reports OpenAI told investors its annualized revenue is “approaching $50 billion,” roughly $20 billion below a previously cited $70 billion figure that had been shared with some investors. The discrepancy partly reflects different revenue-counting approaches (Anthropic includes cloud partner sales while OpenAI does not); earlier leaks showed OpenAI made about $13 billion in 2025 but spent much more, and its IPO has reportedly been pushed to early 2027.
KEY POINTS
- The Financial Times reports OpenAI told investors its annualized revenue is “approaching $50 billion,” roughly $20 billion below a previously cited $70 billion figure that had been shared with some investors.
- The discrepancy partly reflects different revenue-counting approaches (Anthropic includes cloud partner sales while OpenAI does not); earlier leaks showed OpenAI made about $13 billion in 2025 but spent much more, and its IPO has reportedly been pushed to early 2027.
- A $20B reduction in the cited annualized revenue affects investor valuation comparisons, fundraising narratives, and timing/expectations for OpenAI’s IPO.
WHY IT MATTERS
A $20B reduction in the cited annualized revenue affects investor valuation comparisons, fundraising narratives, and timing/expectations for OpenAI’s IPO.