OpenAI generated more than $10 billion in quarterly revenue for the first time, according to a Bloomberg report cited by TechCrunch. The figure was attributed to anonymous sources and has not been confirmed in a public financial filing.
If accurate, sales rose by almost 50% from the reported $6.7 billion in the second quarter. The report also says OpenAI’s adjusted operating margin improved from negative 150% to negative 109%. That narrowing still implies very high operating costs relative to revenue, a reminder that rapid sales growth does not mean the company is profitable.
Bloomberg put OpenAI’s annual revenue run rate at $50 billion. Comparisons with Anthropic require care because the companies reportedly count some cloud-partner revenue differently: Anthropic includes partner sales, while OpenAI records only its share of certain partner transactions. The latest numbers suggest enterprise products, agents and model demand are accelerating OpenAI’s business, but the private company’s economics remain difficult to assess without standardized, audited disclosures.