Sam Altman, CEO of OpenAI, the developer of ChatGPT, speaks at the AI company’s developer conference on September 29, 2026.
Andrei Sokolov | Picture Alliance | Getty Images
shares of Nvidia, oracle, core weave Other artificial intelligence names fell on Thursday after the market learned details about OpenAI’s earnings.
OpenAI CNBC told investors that annual revenue reached about $50 billion at the end of September, but confirmed that this was lower than the widely reported $68 billion figure late last month. A person familiar with the matter said the $68 billion figure includes total revenue from OpenAI’s partners and helps investors more directly compare it to its biggest rivals. human.
The Financial Times first reported the $50 billion figure.
OpenAI shared a financial update during an investor presentation, said the person, who requested anonymity to discuss the numbers. In addition to $50 billion in annual revenue, OpenAI had total utilization growth of 77% in the third quarter and 107% utilization growth in its enterprise business over the same period, the person said.
The company is under pressure to justify its $852 billion valuation to investors as it prepares for an IPO that is widely expected to be a blockbuster. OpenAI secretly filed a prospectus with regulators in June, and executives have indicated the company is aiming for a 2027 debut.
In the meantime, OpenAI is in early-stage discussions with investors about a potential new funding round. As previously reported by CNBC, the company could raise around $30 billion, but that number could change. The round is being driven by investor demand, and a term sheet has not yet been finalized.
OpenAI closed a historic $122 billion funding round in March, and CFO Sarah Friar told CNBC last week that the company is still “very well capitalized.”
Nvidia, Oracle, CoreWeave stock charts.
