OpenAI quarterly sales surge nearly 50% to $10 billion, Bloomberg reports

OpenAI (NASDAQ:OAI) reached a landmark financial milestone in the three months ending in September, generating $10 billion in quarterly revenue as surging enterprise adoption of its frontier models reinforced its competitive footing. The performance marks a nearly 50% sequential expansion from the prior quarter and an almost threefold advance year-over-year, according to a person familiar with the matter who discussed details shared during an investor briefing on Tuesday, as reported by Bloomberg News.

The sharp top-line trajectory underscores renewed commercial momentum for the ChatGPT developer following a period in which rival Anthropic (NASDAQ:ANT) outpaced it across several key enterprise benchmarks. Management bolstered its market position in recent months through the rollout of more capable model architectures, aggressive price adjustments, and targeted investments in autonomous software agents designed to automate workplace workflows.

This strategic pivot appears to be altering the growth dynamics between artificial intelligence leaders at a pivotal moment for both balance sheets. While OpenAI’s commercial engine demonstrated signs of acceleration, Anthropic experienced a notable moderation in top-line velocity, with sequential revenue growth tapering to roughly 47% from more than 140% in the second quarter.

Anthropic nevertheless retained its revenue lead by absolute volume, generating approximately $17 billion during the third quarter, though the two companies historically utilize differing revenue accounting frameworks. The competitive backdrop carries heightened significance as Anthropic nears an imminent Wall Street debut that Bloomberg reported is targeting a valuation of roughly $1.4 trillion later this month.

OpenAI, meanwhile, is advancing a capital-raising effort valuing the enterprise at $1.25 trillion after choosing to push its anticipated public listing into next year. Having recently closed an initial $11 billion tranche of that equity raise, the company has positioned its balance sheet to sustain intensive capital expenditure demands as the race for AI dominance intensifies.