Business
OpenAI's lower-than-expected revenue report hits tech stocks
October 8, 2026 at 07:58 PM · Updated 7d ago
Coverage
3 reports · 1 in Arabic, 2 in English · over 12 hours
SNSky News Arabia
أوبن إيه آي تستهدف 70 مليار دولار إيرادات سنوية بنهاية 2026
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CNCNN
Tech stocks drop after report that OpenAI’s revenue is lower than expected
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TETechCrunch
OpenAI’s revenue is reportedly $20 billion less than previously projected
(opens the publisher’s site)Tech stocks fell Thursday after the Financial Times reported OpenAI told investors its annualized revenue approaches $50 billion, about $20 billion below earlier figures.
- The Nasdaq Composite fell 1.4%, its worst day since July, as Nvidia dropped 3% and Intel and Oracle each fell 6%.
- OpenAI told investors its annualized revenue is approaching $50 billion, per the Financial Times, below the $70 billion previously reported.
- A source familiar with the documents said the $70 billion figure did not come from OpenAI, stemming instead from investors' comparisons with Anthropic's cloud-inclusive revenue.
- CEO Sam Altman announced in September that OpenAI would postpone its initial public offering until at least next year.
- OpenAI expects to reach $70 billion or more in annual revenue by the end of 2026, driven by enterprise growth, Bloomberg reported.
- OpenAI is in talks with UAE investment funds, including Abu Dhabi-based MGX, during its latest funding round.