OpenAI Annualized Revenue Nears $50 Billion at End-September, $20 Billion Below Earlier Report
JH Kim
Summary
- OpenAI told investors that annualized revenue was nearing $50 billion as of the end of September, according to a report.
- The newly presented annualized revenue figure of $50 billion was $20 billion lower than the previously reported $70 billion, the report said.
- The latest figure was about 28.6% below the previously reported $70 billion in annualized revenue and differs from actual cumulative annual revenue, the report said.
Forecast Trend Report by Period
OpenAI told investors its annualized revenue was nearing $50 billion as of the end of September, the Financial Times reported on Oct. 8. That is $20 billion below the previously reported $70 billion figure.
The FT said OpenAI presented investors with an annualized revenue figure of about $50 billion as of the end of September.
OpenAI’s previously reported annualized revenue was $70 billion. The figure shown to investors this time is about 28.6% lower than that earlier report.
Annualized revenue converts sales at a specific point in time into a full-year figure. It can differ from a company’s actual cumulative annual revenue.
JH Kim
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