OpenAI's revenue reportedly $20B below earlier projections

OpenAI has reportedly told investors its annualized revenue is approaching $50 billion, roughly $20 billion less than the previously reported figure of $70 billion, according to the Financial Times. The earlier $70 billion estimate stemmed from OpenAI's own investors attempting a direct comparison with Anthropic's annualized revenues, which include cloud partner sales that OpenAI excludes from its calculations. TechCrunch has reached out to OpenAI for comment. The discrepancy adds pressure on OpenAI to justify massive investments, including a $122 billion funding round in March, after leaked 2025 financials showed about $13 billion in revenue against higher spending. Its rumored IPO has been delayed to early 2027.