OpenAI financial statements, annual report

OpenAI Projects $3.7 Billion Revenue in 2024 Amid $5 Billion Loss: New York Times

Sep 27, 2024, 11:02 PM

OpenAI is projecting significant financial growth and challenges for 2024. The company expects to generate $3.7 billion in revenue, driven by a monthly revenue of $300 million as of August 2024, which marks a 1,700% increase since the beginning of 2023, according to documents obtained by the New York Times. Despite this revenue growth, OpenAI anticipates a loss of approximately $5 billion in 2024. The company has around 350 million monthly active users, with 10 million paying subscribers. OpenAI plans to increase the subscription fee for ChatGPT from $20 to $22 by the end of the year and to $44 over the next five years. Looking ahead, OpenAI forecasts its revenue to reach $11.6 billion in 2025 and $100 billion by 2029.