OpenAI's adjusted operating loss rose to about $10.9 billion in the third quarter, based on figures reported by The Wall Street Journal, even as Bloomberg reported about $10 billion in revenue.
Sales nearly tripled from a year earlier and increased almost 50% from the second quarter, Bloomberg reported. Citing people familiar with the figures, Bloomberg said OpenAI shared them with investors on a Nov. 10 call. The outlet linked the sales increase to demand for the company's artificial intelligence software.
The Wall Street Journal reported that investor documents put OpenAI's adjusted operating margin at minus 109%, compared with minus 150% in the second quarter. Those margins imply that the adjusted operating loss grew to about $10.9 billion from about $10.1 billion. For every $1 in revenue, that amounts to an adjusted loss of about $1.09, down from about $1.50 in the previous quarter.
The figures show a loss that declined relative to sales while increasing in dollar terms. Bloomberg also described new models, lower prices and a focus on AI agents that automate work as contributors to OpenAI's sales momentum.
