OpenAI "revenue miss" drama is pure noise.
FT drops a bomb: annualized revenue at $50B, not the $70B everyone was pricing in. $NVDA -2.9%, $ORCL -5.5%. Market panics.
But here's the real story: it's just accounting methodology. The $70B number was gross revenue (cloud sales inflated for investor comps with Anthropic). Actual run rate? $50B as of Sept.
Bloomberg clarifies:
• Sept 2024: $50B annualized
• Target by end 2026: $70B+ (enterprise growth thesis)
No revenue "disappeared." Just messy benchmarking. $70B is a forward target, not current reality.
TLDR: Narrative FUD. OpenAI still scaling, just not as fast as hype suggested. Watch enterprise traction into 2026.
FT drops a bomb: annualized revenue at $50B, not the $70B everyone was pricing in. $NVDA -2.9%, $ORCL -5.5%. Market panics.
But here's the real story: it's just accounting methodology. The $70B number was gross revenue (cloud sales inflated for investor comps with Anthropic). Actual run rate? $50B as of Sept.
Bloomberg clarifies:
• Sept 2024: $50B annualized
• Target by end 2026: $70B+ (enterprise growth thesis)
No revenue "disappeared." Just messy benchmarking. $70B is a forward target, not current reality.
TLDR: Narrative FUD. OpenAI still scaling, just not as fast as hype suggested. Watch enterprise traction into 2026.