OpenAI’s revenue surged roughly 50% in the third quarter to reach $10 billion, marking a sharp acceleration from its 18% growth in the second quarter.
However, according to documents viewed by The Wall Street Journal, the artificial intelligence giant continues to post heavy losses, with its adjusted operating loss widening slightly from $10.1 billion to $10.9 billion.
While OpenAI’s adjusted operating margin improved from -150% to -109% due to rising sales, the financial disclosure highlights a stark contrast with chief rival Anthropic.
Ahead of its highly anticipated initial public offering (IPO) next week, Claude-maker Anthropic recently reported $17 billion in third-quarter revenue alongside a substantially smaller operating loss of $567 million.
Shared with investors on Tuesday, the figures underscore that while OpenAI is rapidly scaling its top-line revenue, it remains far from profitability and trails Anthropic in both overall sales volume and operational efficiency.
As investor scrutiny intensifies across the AI sector, OpenAI faces mounting pressure to rein in massive computing and operational costs while sustaining its aggressive growth trajectory.
