Why OpenAI’s revenue numbers really matter - Financial Times
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OpenAI's financial figures have sparked growing debate on Wall Street over the credibility of growth projections and valuation for the leading artificial intelligence company. The controversy reflects deeper questions about business model sustainability and the company's ability to achieve expected profitability.
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+ US
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+ Trump agrees deal with Putin for Russia to release diesel
+ JD Vance says he will not watch Pentagon’s livestreamed execution
+ Trump and Hegseth’s execution-type deal
+ The hazy OpenAI growth metric driving Wall Street
+ Number of people caught in UK’s £100,000 tax trap doubles in four years
* US
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+ Trump agrees deal with Putin for Russia to release diesel
+ JD Vance says he will not watch Pentagon’s livestreamed execution
+ Trump and Hegseth’s execution-type deal
+ The hazy OpenAI growth metric driving Wall Street
+ Napa Valley’s hangover
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+ Trump agrees deal with Putin for Russia to release diesel
+ The hazy OpenAI growth metric driving Wall Street
+ From pig feed to gold dust: the protein revolution
+ Airlines sound the alarm as bleak winter looms
+ Five ways to tell if market trouble lies ahead
* Tech
Sections
+ Tech Home
+ Artificial intelligence
+ Semiconductors
+ Cyber Security
+ Social Media
Most Read
+ The hazy OpenAI growth metric driving Wall Street
+ Five ways to tell if market trouble lies ahead
+ OpenAI annualised revenues $20bn less than previously signalled
+ Why OpenAI’s revenue numbers really matter
+ GoPro’s decline puts Chinese camera rivals in the picture
* Markets
Sections
+ Markets Home
+ Alphaville
+ Markets Data
+ Private markets
+ Equities
+ Bonds
+ Currencies
+ Commodities
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+ Asset management
Most Read
+ Trump agrees deal with Putin for Russia to release diesel
+ US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says
+ How to shield your portfolio if AI goes ka-boom
+ Five ways to tell if market trouble lies ahead
+ The world of one trade — AI
* Climate
* Opinion
Sections
+ Opinion Home
+ Columnists
+ The FT View
+ The Big Read
+ Lex
+ Obituaries
+ Letters
Most Read
+ The danger of pessimism fatigue
+ Trump and Hegseth’s execution-type deal
+ ‘The whole operation was a bloody shambles’ — Jay Rayner reviews RH London, Mayfair
+ The narrow Tory path to power
+ How to shield your portfolio if AI goes ka-boom
* Lex
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+ Business Education
+ Europe's Start-Up Hubs
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+ Could The Celebrity Traitors tempt workers back to the office?
+ Goldman to pay top executives $500mn in special bonuses
+ Degrees remain essential for best-paid positions in finance
+ Asset management hirers seek personality and skills
+ Competition for best entry-level finance jobs intensifies
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Most Read
+ The danger of pessimism fatigue
+ ‘The whole operation was a bloody shambles’ — Jay Rayner reviews RH London, Mayfair
+ Napa Valley’s hangover
+ How NAZA lays bare Israel’s killing of civilians in Gaza
+ Famous Italian winery loses 30,000 bottles worth €5mn in heist
* How To Spend It
* Stocks Game
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Lex
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Why OpenAI’s revenue numbers really matter
Subscribe to Premium for access to our flagship investment column
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!lex
What our readers say
"Expert, reliable, considered, actionable opinion"
"Brief with no waffle, to the point and has real insight into the corporate world"
"Entertaining and often insightful in a way that’s different to most newsletters"
"It's topical and succinct - a timely and convenient round up of key stories"
"Expert, reliable, considered, actionable opinion"
"Brief with no waffle, to the point and has real insight into the corporate world"
"Entertaining and often insightful in a way that’s different to most newsletters"
"It's topical and succinct - a timely and convenient round up of key stories"
!Over one million readers pay to read the Financial TimesFind out why
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Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2026. FT (Financial Times) and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Edition:InternationalUK
Subscribe for full access
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* Home
* World
+ Middle East war
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+ UK
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+ China
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* US
+ US Economy
+ US Companies
+ US Politics & Policy
* Companies
+ Energy
+ Financials
+ Health
+ Industrials
+ Media
+ Professional Services
+ Retail & Consumer
+ Tech Sector
+ Telecoms
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* Tech
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* Markets
+ Alphaville
+ Markets Data
+ Private markets
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+ Currencies
+ Commodities
+ Crypto
+ Monetary Policy Radar
+ Wealth Management
+ Moral Money
+ ETF Hub
+ Asset management
* Climate
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+ Columnists
+ The FT View
+ The Big Read
+ Lex
+ Obituaries
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* Lex
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Source: Financial Times
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