OpenAI Quarterly Revenue Tops $10 Billion as Enterprise Push Pays Off

OpenAI's quarterly revenue exceeded $10 billion for the first time, marking a roughly 50 percent increase from the $6.7 billion recorded in the previous quarter, according to a Bloomberg report citing anonymous sources. The surge reflects growing demand for the company's latest AI models and a strategic shift toward enterprise customers.

Margin Improvement and Enterprise Focus

The company's adjusted operating margin improved to -109 percent in the third quarter from -150 percent in the second quarter, indicating progress toward profitability. OpenAI has tightened pricing, offered discounts, and rolled out more enterprise-focused products and AI agents to capture business clients, an area where rival Anthropic has recently led in revenue growth.

Competitive Landscape

OpenAI now claims an annual revenue run rate of $50 billion, while Anthropic reported an $81 billion run rate as of late October, though the two firms calculate the metric differently. Anthropic includes sales from cloud partners, whereas OpenAI reports only its share of partner revenue. Both face competition from tech giants such as Meta, Amazon, Microsoft, and Google, as well as a wave of capable open-source models from Chinese labs.

What to watch next: Whether OpenAI can sustain its accelerated growth rate and further close the gap with Anthropic in the enterprise segment as both companies prepare for potential public offerings.