OpenAI annualized revenue about $20 billion less than previously signaled: Source

Summary
CNBC reporter Kate Rooney breaks news confirming a Financial Times report regarding a discrepancy in OpenAI’s annualized revenue figures. She explains how revenue accounting changes explain the shift and details OpenAI’s ongoing private funding round and IPO outlook alongside Anthropic.

What is shown

• [00:00] Kate Rooney speaking on CNBC with a backdrop of San Francisco and a breaking news banner: “OpenAI annualized revenue about $20 billion less than previously signaled: Source”.
• [00:12] Real-time market data banner showing Amazon (AMZN -1.95% at $254.85) and Microsoft (MSFT -1.41% at $522.31).
• [00:45] Studio graphics board detailing “Anticipated Blockbuster IPOs”: Anthropic ($965B valuation, target IPO date Q4 2026) and OpenAI ($852B valuation, target IPO date 2027).
• [01:12] Nasdaq 100 Index chart showing the index down 1.36% (-423.35) at 30,736.73 following the report.

Claims & numbers

• The presenter reports that a source confirmed OpenAI is reporting $50 billion in annualized revenue, roughly $20 billion lower than previous estimates of $68 billion to $70 billion.
• The presenter notes that the prior figures included gross revenue from cloud partners, whereas the new $50 billion figure strips out partner revenue for a cleaner baseline.
• The presenter states that OpenAI is seeking to raise around $30 billion in a new round at a $1.4 trillion valuation.
• The on-screen graphic lists current private valuations and target IPO dates: Anthropic at a $965B valuation aiming for an IPO in Q4 2026, and OpenAI at an $852B valuation targeting 2027.

Notable quotes

• [00:13] “OpenAI is now reporting $50 billion in annualized revenue, so that’s about $20 billion lower than what had been out there.”
• [00:32] “This new number, $50 billion figure, does strip out the partner revenue so investors see it as a cleaner number...”
• [00:56] “...OpenAI is looking to raise around $30 billion. This would be at a $1.4 trillion valuation.”

Assessment
This is a television business news report rather than a software or model demonstration. It relies on reporting from the Financial Times, internal sources, and pitch deck information regarding AI lab financials and market impacts.

Described by gemini-3.8-flash on 2026-10-10 from the video’s audio and frames.