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OpenAI annualized revenue is $20 billion less than prior estimates, topping out at roughly $50 billion as of September instead of the previously signaled $70 billion. This drop occurs because investors miscalculated by comparing OpenAI's figures with Anthropic's different calculation methods, causing OpenAI to fall below Anthropic's $65 billion sales. The company plans an initial public offering in early 2027.
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Summary by ByteBrief

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 Revenue Nears $70 Billion Run Rate

OpenAI Launches GPT-6 Globally Today