OpenAI tops $10B in quarterly revenue for the first time, up ~50%, as operating losses widen to $10.9B
What's the news? OpenAI's revenue topped $10 billion in a single quarter for the first time in the three months to September, up nearly 50% from the prior quarter and almost three times the level a year earlier. The figures were shared with investors on a call on Tuesday, 10 November 2026, and first reported by The Information, the Wall Street Journal and Bloomberg. CFO Sarah Friar called it a "blockbuster quarter" and put OpenAI's annual revenue run rate at roughly $50 billion.
What's driving it: Friar said the enterprise business doubled quarter over quarter and revenue is now split roughly 50/50 between enterprise and consumer, with coding, cyber and enterprise agents such as Dots leading growth. Consumer sales rose about 20% quarter over quarter, paid subscriptions passed 100 million and ChatGPT has 1.2 billion weekly active users. Growth accelerated from about 18% in the second quarter, according to the WSJ.
The cost side: OpenAI is still far from profitable. Its operating loss widened to $10.9 billion from $10.1 billion in the prior quarter, while its adjusted operating margin improved to -109% from -150%, according to documents seen by the WSJ.
Why it matters: The numbers land in the same week that rival Anthropic started its IPO roadshow, reporting about $81 billion of run-rate revenue and seeking a valuation of up to $1.4 trillion. Investors now have a rare side-by-side look at the two leading AI labs' growth and burn, and OpenAI's update reads as a pitch that it remains in the race even as Anthropic's revenue has pulled ahead.
Read more: The Information, Reuters on the WSJ report, Bloomberg, Yahoo Finance
Image: Reuters illustration via Yahoo Finance
