OpenAI’s (OPAI.PVT) third-quarter revenue grew nearly 50% quarter-over-quarter to $10 billion, with an annual run rate of about $50 billion, CFO Sarah Friar told Deirdre Bosa on Tuesday.
That’s better than the 18% growth the company reported in the second quarter, according to the Wall Street Journal.
According to Friar, growth was driven by OpenAI’s exploratory and enterprise research activities.
“Our enterprise business has doubled quarter over quarter,” she explained, adding that OpenAI’s revenue is now split 50/50 between its enterprise and consumer businesses.
“What’s driving this is products like Coding, Cyber, which are starting to integrate more virtual assistants like Dots into the enterprise,” Friar said.
Dots is OpenAI’s AI agent platform for business.
The company’s offerings to small and medium-sized businesses also grew more in the third quarter than in the previous six quarters, she added.
Friar also said OpenAI’s consumer business continues to grow, with sales up 20% quarter-over-quarter and subscriptions surpassing 100 million users. The company has 1.2 billion weekly active users.
OpenAI rival Anthropic (ANTH.PVT) kicked off its roadshow on Tuesday ahead of its planned IPO, which could take place on November 19 or 20.
Anthropic’s corporate efforts have been a boon to its bottom line.
The company revenue increased 1,206% to $33.2 billion during the first nine months of the financial year ended September 30.
For the first six months of the year through June 30, Anthropic’s revenue was $16.3 billion. The company reported revenue of $4.6 billion for all of 2025.
Unlike OpenAI, Anthropic does not have a consumer business.
Friar said Anthropic’s success showed him that OpenAI needs to focus on securing distribution deals with third-party cloud service providers.
“Part of that was because we were really stuck on this (Microsoft) Azure contract that we had,” she explained. “I think by unlocking this, Anthropic showed me the power of this model, and I think for us it can be a really big tailwind in 2027.”
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on @DanielHowley or contact us on Signal or Telegram.
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