OpenAI's quarterly revenue reportedly reaches $10 billion, but its operating loss grows to $10.9 billion

OpenAI's revenue grew about 50% from the previous quarter to $10 billion in the third quarter, according to reports from the Wall Street Journal and The Information, as summarized by The Decoder. In the second quarter, revenue grew only 17 to 18%. A year earlier, quarterly revenue was $3.9 billion, so revenue has roughly tripled in a year. New models and enterprise customers drove the increase. Losses grew too. OpenAI's adjusted operating loss rose from $10.1 billion to $10.9 billion, and that figure excludes stock-based compensation, which climbed to $2.6 billion. The adjusted operating margin improved from the second quarter's negative 150%. The reports compare OpenAI with Anthropic, which brought in $17 billion over the same period with an operating loss of $567 million. To win more enterprise customers, OpenAI is cutting prices. Its consumer business now has 100 million paying ChatGPT subscribers. The numbers arrive as investors weigh the two companies' finances. Anthropic is preparing its stock market debut, and OpenAI recently lowered its fundraising target after a selloff in AI stocks.