OpenAI's annualized revenue reportedly $20 billion lower than previous projections

OpenAI’s annualized revenue is reportedly $20 billion lower than previously projected, according to a new report from the Financial Times. While earlier reports suggested the AI lab’s revenue was approaching $70 billion, the company has now told investors the figure is closer to $50 billion.

The discrepancy stems from how the initial $70 billion figure was calculated. The FT notes that this number was derived from attempts by OpenAI’s own investors to create a direct comparison with Anthropic’s annualized revenues. However, the two companies calculate revenue differently: Anthropic includes sales made by its cloud partners, whereas OpenAI does not.

This revenue adjustment comes as OpenAI seeks to justify massive investments; the company raised $122 billion in a March funding round. Leaked financials from 2025 indicated the company generated about $13 billion in revenue while spending significantly more. Consequently, OpenAI’s anticipated IPO has been pushed back to early 2027.