OpenAI’s revenue is reportedly $20 billion less than previously projected

What happened: OpenAI told investors its annualized revenue is approaching $50 billion, about $20 billion lower than the roughly $70 billion figure previously reported. Key numbers: $50 billion annualized revenue; $20 billion lower; $70 billion prior figure; $122 billion raised in a March round; about $13 billion in leaked 2025 financials; IPO pushed to early 2027. Why it matters: The gap stems from differing revenue calculations, with Anthropic counting cloud partner sales and OpenAI not. The revenue question weighs on efforts to justify large investments, and the IPO has been delayed. Coverage: 8 outlets in 24h

OpenAI told investors its annualized revenue is approaching $50 billion, about $20 billion lower than the roughly $70 billion figure previously reported.

The gap stems from differing revenue calculations, with Anthropic counting cloud partner sales and OpenAI not. The revenue question weighs on efforts to justify large investments, and the IPO has been delayed.