GoKawiilOpenAI's annualized revenue was $50 billion, not $68 billion, AI stocks fall
OpenAI told investors its annualized revenue stood at roughly $50 billion at the end of September, below the $68 billion figure widely reported last month, CNBC confirmed. A person familiar with the matter said the higher figure had included gross revenue from OpenAI's partners, used for comparison with rival Anthropic. Shares of Nvidia, Oracle and CoreWeave fell after the revised figure emerged, alongside reported growth rates of 77% overall and 107% in enterprise business.
GoKawiil's interpretation of the reporting above, not reported fact.
The discrepancy could sharpen investor scrutiny of OpenAI's $852 billion valuation as it prepares for a possible 2027 IPO and seeks a new funding round that could reach around $30 billion. Because so much of the AI infrastructure trade rests on OpenAI's growth story, revisions to its reported revenue may ripple through suppliers like Nvidia and Oracle whose valuations are tied to that narrative. The gap between gross and net revenue figures also suggests investors are pushing for clearer, more comparable metrics across AI companies.
- OpenAI's annualized revenue was about $50 billion at end of September, not the earlier reported $68 billion.
- The $68 billion figure had included gross revenue from OpenAI's partners, complicating comparisons with Anthropic.
- OpenAI is in early talks for a new funding round of roughly $30 billion ahead of a possible 2027 IPO.
Source: cnbc.com — Ashley Capoot Kate Rooney, 2026-10-08
Published there as: “Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report”
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