Newscasts - OpenAI revenue soars, on track to hit $12.7 bln target

Total Soft Bank

10/06/2025 09:36

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_9gf4ydyo&referenceId=tag:reuters.com,2025:newsml_RW061710062025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Julian Satterthwaite reports.

Short Link: https://refini.tv/3HA8PPx

Video Transcript:

Business is booming at OpenAI. The ChatGPT maker said Monday that revenue had hit an annual rate of $10 billion as of June. That excludes large one-time deals, and licensing payments by major backer Microsoft. Overall, it leaves OpenAI well on track to hit a target of $12.7 billion in revenue for 2025. That suggests it's far ahead of competitors in generating money, though they too are seeing gains. Rival Anthropic recently surpassed $3 billion in annualized revenue. But the pace of change is striking at OpenAI, which lost about $5 billion last year. And that's helping drive lofty valuations for the firm. In March, it said it would raise $40 billion in a new fundraising round led by Japanese investor SoftBank. The deal valued OpenAI at $300 billion. Since launching ChatGPT in late 2022, the outfit led by Sam Altman has rolled out a bevy of subscription offerings. By the end of March, it claimed to have 500 million weekly active users.