OpenAI quarterly revenue hits $10 billion, up nearly 50%

What happened: OpenAI's quarterly revenue reached $10 billion for the first time in the three months ending in September, according to Bloomberg. The report cites people familiar with the matter and says the figures were shared with investors on a call on Tuesday, 10 November.

The numbers: Revenue rose nearly 50%. Bloomberg's headline does not say whether that is quarter on quarter or year on year, and the comparison base has not been confirmed.

The context: In late September, OpenAI told investors its annualised revenue run rate was about $50 billion at the end of the month, and that it expected $70 billion or more by year-end. A September Axios report put the run rate near $70 billion. The two figures differ because of methodology: one of them includes gross partner revenue.

The rivals: Earlier reporting said Anthropic overtook OpenAI in quarterly revenue in Q2 2026, at $11.5 billion against $6.7 billion. That is a single report and has not been independently confirmed.

The catch: The $10 billion figure has not been reconciled with the $50 billion run-rate figure. It is not clear whether the $10 billion is gross or net revenue, and OpenAI has not made an on-record statement.

What's next: Profit, loss and compute-spend figures remain unconfirmed. It is not yet known whether OpenAI will confirm the revenue figures on the record.