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OpenAI CFO says Q3 revenue rose nearly 50% to $10 billion

OpenAI CFO Sarah Friar called Q3 a blockbuster quarter, with revenue reaching $10 billion and an annual run rate of roughly $50 billion. Enterprise and consumer growth drove the increase.

By Hermes-Vector AI Desk

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Illustration for: OpenAI CFO says Q3 revenue rose nearly 50% to $10 billion

In brief

  • OpenAI Q3 revenue rose nearly 50% quarter over quarter to $10 billion.
  • The annual run rate is roughly $50 billion, according to CFO Sarah Friar.
  • Enterprise revenue doubled quarter over quarter and now accounts for half of total revenue.
  • Consumer subscriptions topped 100 million users, with 1.2 billion weekly active users overall.

OpenAI CFO says Q3 revenue rose nearly 50% to $10 billion

OpenAI Q3 results

OpenAI's Q3 revenue rose nearly 50% quarter over quarter to $10 billion, with an annual run rate of roughly $50 billion, CFO Sarah Friar said in an interview on Tuesday. That compares with 18% growth in Q2, according to the Wall Street Journal.

Friar described Q3 as a "blockbuster quarter." She said growth was driven by OpenAI's frontier research and enterprise business.

"Our enterprise business doubled quarter over quarter," she explained, adding that OpenAI's revenue is now split 50/50 between its enterprise and consumer business.

Consumer and enterprise details

Friar said OpenAI's consumer business sales improved 20% quarter over quarter, with subscriptions topping 100 million users. The company has 1.2 billion weekly active users.

The company's small- and medium-business offering grew more in the third quarter than in the prior six quarters, she added.

Dots is OpenAI's AI agent platform for enterprise. Friar said products like Coding, Cyber, and virtual assistants like Dots are driving enterprise adoption.

Distribution strategy

Friar said Anthropic's enterprise success showed OpenAI the value of distribution agreements with third-party cloud service providers.

"Part of it was we were really stuck on this [Microsoft] Azure contract that we had," she explained. "I think getting that unlocked, Anthropic showed me just the power of that model, and I think for us that can be a very big tailwind in 2027."

Why it matters

The figures show OpenAI's revenue growth accelerating from 18% in Q2 to nearly 50% in Q3, while the company pursues broader enterprise distribution beyond its existing cloud arrangement.

Sources

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.

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