Reuters reported on November 10, citing The Wall Street Journal, that OpenAI’s third-quarter 2026 revenue reached about $10 billion, up roughly 50% from the previous quarter. The same report put the company’s operating loss at $10.9 billion. Reuters’s account attributed the figures to The Wall Street Journal.
The $10 billion figure covers the quarter; the roughly $50 billion figure is an annualized run rate. They measure different periods.
OpenAI’s reported Q3 revenue and losses
The reported revenue for the second quarter was $6.7 billion, according to Quartz’s account, which also attributed that figure to The Wall Street Journal. Reuters reported that OpenAI’s operating loss rose from $10.1 billion in the preceding quarter to $10.9 billion in Q3.
Reuters also reported an adjusted operating margin of -109% for Q3, compared with -150% in the prior quarter. The operating loss is a dollar amount; the adjusted margin is a percentage measure.
For broader financial-market coverage beyond this company’s results, NTV88 is a related resource.
Why the $50 billion figure is different
In a video discussion published October 9, The Information journalist Stephanie Palazzolo said OpenAI had been telling investors it was approaching $50 billion in annualized revenue near the end of September. That run-rate figure is not revenue earned during Q3.
Palazzolo also described different boundaries for counting cloud-provider sales: Anthropic includes revenue cloud providers make selling its models, while OpenAI excludes partner revenue that does not ultimately return to the company. Those differences affect how the companies’ reported revenue figures are counted.
