OpenAI Revenue Projection Drops $20 Billion as Anthropic Reports 45% Q3 Growth to $16.8 Billion
29 Sources
[1]
OpenAI's revenue is reportedly $20 billion less than previously projected
A little over a week ago, it was reported that OpenAI's annualized revenue was approaching $70 billion, a figure that would have made it competitive with Anthropic's reported run rate. Now, however, the AI lab is said to have told investors that the real revenue is some $20 billion lower than
[2]
Anthropic's Q3 revenue surges 45% to nearly $17 billion
NEW YORK, Oct 14 (Reuters) - Anthropic's third-quarter revenue rose 45% to $16.8 billion from the previous quarter, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue in the first quarter was $4.7 billion, and $11.6 billion in
[3]
The hazy OpenAI growth metric driving Wall Street
Volatility in US stocks this week, triggered by the revelation that OpenAI's annualised revenue was about $20bn less than previously reported, has exposed the reliance of markets on a vague metric used by AI start-ups to express their growth to investors. The FT reported on Thursday that OpenAI's
[4]
Anthropic to disclose new revenue numbers as AI lab financials become central to tech trade
* Anthropic will release updated financials to a group of institutional investors gathering at its headquarters this week, according to sources familiar with the matter. * The disclosure comes as the AI giant prepares for what could be the largest IPO in history. * Last week, confusion around a
[5]
Anthropic Says Revenue Jumped 45% to $16.8 Billion in Third Quarter
Lauren Hirsch reported from New York and Sri Muppidi from San Francisco. Anthropic executives told a roomful of investors on Wednesday that the company's revenue for the third quarter jumped about 45 percent from the prior quarter to $16.8 billion, as it pursues what may become the largest-ever
[6]
Anthropic revenue surges to $16.8bn ahead of stock market listing
Artificial intelligence (AI) giant Anthropic saw its revenue surge by 45% to $16.8bn (£12.7bn) in the three months to the end of September, the BBC understands. The figures were reportedly revealed by the Claude-developer as it briefed prospective investors on Wednesday at its headquarters in San
[7]
Anthropic tells investors Q3 revenue reached $16.8bn, FT reports
The AI company also said it was profitable on an adjusted basis, ahead of an IPO planned for November. On October 14, Anthropic told potential investors that its third-quarter 2026 revenue reached $16.8 billion. The company also reported an adjusted profit for that period. Moreover, the company
[8]
Anthropic brings Wall Street an AI bull case
Why it matters: As Wall Street broadly spent the day fearing an AI bubble, Anthropic offered what investors have been desperate to see: evidence that frontier AI can be a sustainable business. State of play: As concerns about the AI trade pushed the S&P 500 down by more than 1% for the first time
[9]
OpenAI projected to bring in $20bn less in revenue than expected
Questions raised over AI growth as ChatGPT maker forecasts this year's revenue at $50bn, way below the $70bn signalled before OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate
[10]
Anthropic told investors Q3 revenue reached $16.8 billion ahead of IPO
The AI company is generating positive free cash flow and could begin marketing its IPO as soon as the week of Nov. 9 Anthropic told prospective investors on Wednesday that its third-quarter revenue reached $16.8 billion and that it was profitable on an adjusted basis, according to Bloomberg. The
[11]
Anthropic revenue jumps 46% ahead of $2 trillion IPO bid
AI developer Anthropic grew its sales by about 46% to $16.8 billion (€15bn) last quarter and turned an adjusted profit, it told investors on Wednesday, weeks before a November stock market debut that could value it at up to $2 trillion (€1.79bn). Anthropic, the San Francisco-based developer of the
[12]
OpenAI revenue gap report rattles AI stocks
Washington (United States) (AFP) - OpenAI is bringing in about $20 billion less in annualized revenue than investors had been led to believe, the Financial Times reported Thursday, raising questions about the solidity of the AI business. Citing documents shared with OpenAI's financial backers, the
[13]
OpenAI annualized revenue $20 billion less than previously reported
OpenAI's annualized revenue is $50 billion, about $20 billion less than previously reported figures, a discrepancy related to how different AI companies account for overall sales. The big picture: The $70 billion figure, widely reported in September by Axios and other media outlets, was based on
[14]
Ahead of IPO, Anthropic reveals its revenue grow 45% sequentially to $16.8B in Q3
Ahead of IPO, Anthropic reveals its revenue grow 45% sequentially to $16.8B in Q3 Anthropic PBC pulled in $16.8 billion in revenue during the third quarter, according to a report by the Financial Times. In addition, it also achieved profitability on an adjusted basis for the first time during the
[15]
Anthropic Q3 financials investor meeting ahead of IPO
The AI company could pursue what would be the largest public listing in history, with a potential valuation of $2 trillion Anthropic plans to disclose its third-quarter financials to a group of institutional investors at a meeting on Wednesday as the San Francisco-based company prepares for a
[16]
What happened to OpenAI's $20bn? Revenue scare rattles AI trade
US tech futures rebounded on Friday, a day after a report that OpenAI's annualised revenue was $20 billion (€17.8bn) below earlier estimates helped send the Nasdaq down 1.25% and hit chipmakers and cloud giants. Wall Street looks set to recover some ground on Friday morning after confusion over
[17]
Worries About OpenAI's Revenue Rattle the AI Trade
Get personalized, AI-powered answers built on 27+ years of trusted expertise. Fears that OpenAI's revenue might be lower than expected are weighing on the AI trade. Nvidia (NVDA), Oracle (ORCL), Arm (ARM), CoreWeave (CRWV), and other AI-related stocks were among the biggest decliners in the major
[18]
Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO
Anthropic reported a 45% increase in revenue for the third quarter, reaching $16.8 billion. The company's revenue for the first and second quarters was $4.7 billion and $11.6 billion, respectively. Anthropic aims for a valuation exceeding $2 trillion, emphasizing substantial revenue growth despite
[19]
Anthropic's Q3 Revenue Surged 45% to $16.8 Billion, Profitable on Adjusted Basis as Dario Amodei Courts I
On Wednesday, Anthropic reported accelerating revenue and improved third-quarter profitability, strengthening its pitch to prospective investors as the Claude maker prepares for a potential public listing. Anthropic Revenue Reaches $16.8 Billion in Q3 Anthropic told prospective investors that its
[20]
OpenAI Projects $20 Billion Jump in Annualized Revenue Before Year End | PYMNTS.com
The expected gains are being driven by growth in OpenAI's enterprise business, according to the report. OpenAI shared these figures with investors during discussions about a fundraising effort, the report said. The artificial intelligence company declined Bloomberg's invitation to comment on the
[21]
OpenAI's $20 billion revenue gap rattles the AI trade
OpenAI is making money at a rate that most businesses could only imagine. Wall Street continued to have cause for concern. The ChatGPT maker recently told investors that its annualized revenue was approaching $50 billion at the end of September, roughly $20 billion below the nearly $70 billion
[22]
What a Bummer! OpenAI Annualised Revenues Aren't $70Bn; It's Closer to $50Bn
The issue is an old one that most financial experts have raised before. The idea of taking a month's revenues and multiplying it by twelve. For those of us teetering on the edge of concern over confidence about the impact of AI on humanity and worried that AI labs aren't transparent enough, here's
[23]
Anthropic Revenue Hits USD 16.8B: IPO Targets USD 2 Trillion Valuation
Anthropic told prospective investors on Wednesday that third-quarter revenue reached USD 16.8 billion, marking a 45% increase from the previous quarter. The San Francisco-based AI company shared the figures during a private investor meeting ahead of its anticipated public listing. Executives
[24]
Anthropic revenue surges 45% to nearly $17B in third quarter as AI giant gears up for IPO
Anthropic's third-quarter revenue rose 45% to $16.8 billion from the previous quarter, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue in the first quarter was $4.7 billion, and $11.6 billion in the second quarter, according
[25]
Anthropic tells investors Q3 revenue jumped 45% to nearly $17 bln, FT reports By Investing.com
Investing.com-- Anthropic told investors its third-quarter revenue rose sharply and that the company was profitable, the Financial Times reported on Wednesday, citing people familiar with the matter. Anthropic's revenue jumped nearly 50% to $16.8 billion, the FT reported, noting that the growth
[26]
OpenAI expects to reach $70 bln revenue by end-2026, Bloomberg reports By Investing.com
Investing.com-- OpenAI expects to reach or exceed $70 billion in annualized revenue by end-2026, Bloomberg reported on Friday, citing people familiar with the matter. The growth is expected to be driven chiefly by its enterprise business, the Bloomberg report said. Get more breaking news on the
[27]
Anthropic's Q3 revenue surges 45% to nearly $17 billion
NEW YORK, Oct 14 (Reuters) - Anthropic's third-quarter revenue rose 45% to $16.8 billion from the previous quarter, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue in the first quarter was $4.7 billion, and $11.6 billion in
[28]
OpenAI annualized revenue at $50bn, far below reports - FT By Investing.com
Investing.com -- OpenAI's annualized revenue stands at approximately $50bn as of September, about $20bn below figures previously reported to investors, according to financial documents reviewed by The Financial Times. The AI company recently informed investors that its annualized revenue was
[29]
OpenAI: $20bn gap in revenue depending on the scope used
As OpenAI seeks to persuade investors to fund its increasingly costly ambitions in artificial intelligence, its revenue would be significantly below figures recently cited. According to financial documents reviewed by the Financial Times, the creator of ChatGPT reported annualized revenue of nearly
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OpenAI told investors its annualized revenue is approaching $50 billion, $20 billion less than previously reported, triggering market volatility. Meanwhile, Anthropic disclosed 45% quarterly revenue growth to $16.8 billion as it prepares for what could be the largest IPO in history at a $2 trillion valuation.
OpenAI Revenue Projection Falls Short by $20 Billion
OpenAI informed investors that its annualized revenue is approaching $50 billion, a figure $20 billion lower than the $70 billion widely reported in late September
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. The AI company financials discrepancy arose from different accounting methodologies used to compare OpenAI and Anthropic performance, with the earlier $70 billion figure based on attempts by OpenAI's own investors to produce a direct comparison with Anthropic's annualized revenue3
. OpenAI confirmed in a statement that while it experienced remarkable 70 percent growth in annualized run rate revenue in Q3, subsequent reports claiming it had reached $70 billion run rate were not accurate3
. The company counts only its own cut of proceeds from arrangements with partners such as Microsoft, unlike Anthropic, which recognizes gross revenue on sales through cloud partners3
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Source: Market Screener
Market Volatility Exposes Investor Reliance on AI Lab Financials
The revelation triggered significant market volatility, with shares in companies linked to AI including Nvidia and Oracle declining sharply
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. The AI sell-off pushed the tech-focused Nasdaq down 1.4 percent, exposing Wall Street's heavy reliance on annualized revenue projection metrics used by AI start-ups to express their growth to investors3
. The market reaction underscores how critical OpenAI and Anthropic have become to the broader AI industry valuation boom, which has sent US stocks to record highs and helped fuel economic growth3
. Semiconductor stocks extended losses after Broadcom CEO Hock Tan suggested that with climbing interest rates, access to capital could be the biggest constraint on AI companies4
. The volatility has renewed calls for financial transparency from both companies to formalize their financial reporting3
.Anthropic Reports 45% Revenue Surge to $16.8 Billion
Anthropic disclosed during a pre-IPO investor meeting in San Francisco that its third-quarter revenue surged 45% to $16.8 billion from the previous quarter
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. The company's revenue in the first quarter was $4.7 billion and $11.6 billion in the second quarter, demonstrating accelerating growth momentum2
. Anthropic told the group it was profitable on an adjusted basis in the third quarter2
. Last year, Anthropic's revenue increased twelvefold to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis2
. The Claude chatbot maker has committed at least $518 billion over a decade for cloud services, computing and infrastructure2
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Source: New York Post
Anthropic Prepares for Largest IPO in History at $2 Trillion Valuation
Anthropic is preparing for what could be the largest IPO in history, targeting a valuation of over $2 trillion
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. The San Francisco company could aim to raise more than $100 billion in a public listing, pushing it past Elon Musk's SpaceX, which went public in June at a $1.77 trillion valuation5
. The company is expected to begin trading as early as next month, likely after the November US midterm elections2
. Founded by former OpenAI executives, Anthropic has emerged as one of the leading generative AI models developers with its Claude family of models2
. Its expansion has been underpinned by Alphabet's Google and Amazon, which are simultaneously investors, suppliers of computing power and important distribution partners, as well as AI competitors2
.Related Stories
Investor Trust Hinges on Accounting Methodology Clarity
The confusion around AI company financials has cast a spotlight on annualized revenue, a hazy figure used by fast-growing start-ups to help investors understand their financial trajectory
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. Anthropic calculates its revenue run rate by annualizing the prior 28 days of consumption-based revenue, plus recurring monthly subscription revenue3
. OpenAI has always used the net figure in its internal accounting, counting only its own cut from partner arrangements3
. Despite the accounting differences, OpenAI's business performance has taken off in recent months since the release of GPT-5.6 model in July, with the company telling prospective investors it had revised up its estimated full-year revenue for 2026 to $35 billion from $30 billion forecast in the first quarter3
. The issue of OpenAI's revenue has troubled the company as it attempts to justify the gargantuan investments being made on its behalf, including a $122 billion funding round in March alone1
. OpenAI's IPO, previously rumored to materialize this year, has been pushed off until early 20271
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Source: SiliconANGLE
AI Safety Concerns Persist Amid Commercial Race
Anthropic has sought to distinguish itself through its focus on AI safety, warning of the dangers posed by increasingly capable systems even as it competes in the race to develop and commercialize more powerful models
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. Its research has found that its own AI agents have engaged in troubling behavior in test environments, including leaking sensitive information and sabotaging code, though the company has said it has not seen evidence of such misalignment in real-world deployments2
. Watch how Silicon Valley balances rapid commercialization with responsible AI development, particularly as investor scrutiny intensifies around the enormous costs of building and running AI systems. A successful offering from Anthropic could reopen the door for other listings and provide a vote of confidence for the industry, while a poorly received offering could close the door on other listings and affect the broader stock market5
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