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OpenAI annualized revenue is $50 billion, about $20 billion less than previously reported figures. This discrepancy stems from different accounting methods regarding partner sales compared to rival Anthropic. The earlier $70 billion figure was an attempt to gross up revenue for investor comparison. Public markets now prefer actual revenue over such financial constructs for early-stage startups.
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Summary by ByteBrief

OpenAI Revenue Falls Short of Estimates

Docs: OpenAI told investors its annualized revenue was nearing $50B at the end of September, well below the $70B reported by media based on investor docs (Financial Times)

OpenAI Cuts Revenue Forecast to $50 Billion