OpenAI Revenue at $50 Billion: What Wall Street Got Wrong

OpenAI revenue was just under $50 billion on an annualized basis at the end of September, not the $70 billion reported a week earlier. Memeburn checks both figures against OpenAI's booked quarterly revenue, explains the gross and net split, and shows why the year-end target matters more. OpenAI told investors its annualized revenue was just under $50 billion at the end of September, about $20 billion below the nearly $70 billion figure reported a week earlier, and AI stocks fell on the report, with Oracle down 5.48% and CoreWeave down 7.77%. The gap comes from how revenue is counted rather than from lost sales, and OpenAI’s own booked revenue lines up with the $50 billion figure.