Tech stocks drop after report that OpenAI’s revenue is lower than expected
- On Thursday, shares of Nvidia, Oracle, and CoreWeave sank after The Financial Times reported OpenAI's annualized revenue is approaching $50 billion, significantly lower than the $68 billion figure previously circulated.
- Previous revenue estimates of $70 billion stemmed from investor attempts to produce direct comparisons with rival Anthropic's annualized earnings, according to The Financial Times report.
- OpenAI touted 77% total run rate growth and 107% enterprise growth during the third quarter, though earlier 2025 financials showed the company earned about $13 billion.
- Executives signaled the company's anticipated IPO has been pushed off until early 2027, as OpenAI faces mounting pressure to justify its $852 billion valuation to investors.
- Following a historic $122 billion funding round in March, CFO Sarah Friar stated last week the company remains "very well capitalized" amid early-stage discussions about potential new funding.
153 Articles
153 Articles
OpenAI expects US$70bn in annualized revenue
OpenAI is expecting to reach or exceed US$70 billion in annualized revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business.The ChatGPT maker’s annualized revenue was roughly US$50 billion at the end of last month, the people s
Media reports that earnings of OpenAI, the company developing ChatGPT, grew more slowly than expected, led to a decline in shares of technology companies.
OpenAI revenue gap came from ‘OpenAI’s own investors’
OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year, Bloomberg reported on Friday. The company shared the forecast with investors in talks over its latest funding round, according to people familiar with the matter. They said growth in its enterprise business is driving most of it. A day […] This story continues at The Next Web
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