OpenAI quarterly revenue reportedly tops $10B for the first time

The reported jump

OpenAI's quarterly revenue passed $10 billion for the first time, according to Bloomberg, which cited anonymous sources. TechCrunch reports that the figure, if accurate, marks a sharp rebound for the company after a slower stretch earlier in the year.

The reported $10 billion would be an increase of almost 50% over the prior quarter, when sales were said to total $6.7 billion. That is a much faster pace than the roughly 18% growth previously reported between the first and second quarters of the year.

None of the numbers have been confirmed by OpenAI. They rest on unnamed people described by Bloomberg, so they should be treated as reports rather than audited results.

Losses narrow but remain large

The same report suggests OpenAI's profitability picture improved, with its adjusted operating margin moving from -150% in the second quarter to -109% in the third, according to TechCrunch. A negative margin of that size means the company is still spending considerably more than it brings in on an adjusted basis.

The improvement is nonetheless notable given how much capital OpenAI is putting into computing infrastructure and model development. Bloomberg also reported that the company has reached an annual revenue run rate of $50 billion.

Why growth accelerated

TechCrunch attributes the uptick to a combination of tighter pricing, discounts, better models and a stronger push into enterprise products and AI agents that can carry out tasks for users. That mix appears to have helped OpenAI recover momentum after a period in which its expansion had drawn concern.

Even at the earlier pace, the company's growth was substantial for a software business. The question for OpenAI has been less about whether it could grow than about how quickly it could convert that growth into a sustainable business.

The Anthropic comparison

OpenAI had fallen behind Anthropic in serving enterprise customers, a market where the Claude maker has pulled ahead at least on revenue growth. Anthropic said its own annual revenue run rate rose by $10 billion in a month to $81 billion as of the end of October, while seeking a $1.4 trillion valuation in an IPO expected soon.

The two figures are not directly comparable. Anthropic counts sales made through its cloud partners, while OpenAI reports only its share of some partner sales, TechCrunch notes. Both companies also face competition from Meta, Amazon, Microsoft and Google, as well as cheaper but capable open-source models, particularly from China.

What it means

The reported milestone matters because it tests the argument that demand for frontier AI is translating into durable revenue rather than one-off enthusiasm. A near-50% quarterly jump, if borne out, would strengthen that case ahead of any public listing or further fundraising.

For enterprise buyers, the competitive pressure between OpenAI and Anthropic is likely to keep shaping pricing, discounts and product focus. Readers should watch for official disclosure from OpenAI before treating the reported figures as settled.