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Market
Primary revenue source for OpenAI in 2024
5
Resolution / Starting Odds
ChatGPT • 25%
API services • 25%
Enterprise solutions • 25%
Other products • 25%
OpenAI's official financial reports or credible business news sources
Story
OpenAI's Annualized Revenue Doubles to $3.4 Billion Since Late 2023, Valued at $86 Billion
Jun 12, 2024, 08:55 PM
OpenAI's annualized revenue has more than doubled to $3.4 billion since late 2023, according to CEO Sam Altman. This significant growth, reported by The Information, highlights the accelerating business of the ChatGPT developer. Revenue was $1.6 billion in late 2023 and about $1 billion last summer. The increase is largely attributed to direct sales from ChatGPT and other OpenAI products, rather than through partnerships with companies like Microsoft. OpenAI was last valued at about $86 billion in a recent sale of employee shares, suggesting a valuation of approximately 25 times forward revenue. It is now valued at a modest 23.5x revenues.
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Majority from ChatGPT • 33%
Majority from partnerships • 33%
Evenly split • 33%
API subscriptions • 34%
Corporate partnerships • 33%
Advertising • 33%
Below $1 billion • 33%
$1 billion to $2 billion • 33%
Above $2 billion • 34%
Less than $4 billion • 25%
$4 billion to $4.5 billion • 25%
$4.5 billion to $5 billion • 25%
More than $5 billion • 25%
Subscription upgrades • 25%
Ad revenue from enhanced features • 25%
Data analytics services • 25%
Licensing fees • 25%
Less than $10 million • 33%
$10 million to $30 million • 34%
More than $30 million • 33%
AI model licensing • 25%
Consulting services • 25%
Partnerships and collaborations • 25%
Open-source donations • 25%