OpenAI's revenue passed $10 billion in the third quarter for the first time, Bloomberg reported citing anonymous sources, on strong demand for its latest models. If accurate, that is a jump of almost 50% from about $6.7 billion in the second quarter, after growth of about 18% between the first and second quarters. According to the report, the company's annual revenue run rate is about $50 billion.
Profitability also improved: the adjusted operating margin narrowed from minus 150% in the second quarter to minus 109% in the third. According to TechCrunch, the company was helped by tighter pricing, better models and a focus on enterprise products and agents.
Anthropic, which leads the enterprise market, reported $17 billion in third-quarter revenue and an annual run rate of $81 billion at the end of October. The two companies count revenue differently: Anthropic includes sales through its cloud partners, while OpenAI reports only its share. OpenAI did not confirm the figures.