OpenAI's adjusted net loss rate for the first quarter reached 122%, and its annualized revenue has been surpassed by competitors.

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AIMPACT news, according to Data Observation Beating monitoring, OpenAI generated approximately $5.7 billion in revenue in the first quarter of 2026, leading competitor Anthropic by about $1 billion. However, Anthropic’s annualized revenue has recently reached nearly $45 billion, surpassing OpenAI’s $30 billion annualized revenue. OpenAI’s first-quarter growth was mainly driven by Codex code agents, enterprise sales, and ChatGPT advertising tests. Despite expectations that OpenAI will reach its 2026 revenue target of $30 billion, its adjusted operating profit margin for the first quarter fell to -122%, meaning it nets a loss of $1.22 for every $1 in revenue generated (excluding large items such as equity incentives). Thanks to its first-quarter performance, OpenAI secured $122 billion in new funding from suppliers such as Amazon and NVIDIA, while Anthropic is seeking $30 billion in funding. Both companies plan to launch their initial public offerings as early as the fourth quarter of 2026.

On the user side, ChatGPT’s average weekly active users in the first quarter were 905 million, down from the February peak of 920 million, failing to meet OpenAI’s previous target of 1 billion users. OpenAI had warned employees last year that integrating Google’s Gemini into search would create competitive pressure. However, since launching GPT 5.5 and its latest image generation models in April, ChatGPT’s user growth has accelerated again. For paid subscriptions, ChatGPT’s paid individual users reached 55 million in the first quarter, up from 47 million at the end of 2025. According to its plans, OpenAI intends to achieve $102 billion in annual revenue through ChatGPT’s advertising business by 2030.

(Source: BlockBeats)

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MinimalistSculpturePedestal
· 8h ago
From tools to platforms to advertisers, OpenAI's transformation is quite rapid.
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StakingLibrarian
· 10h ago
If Anthropic's 30 billion isn't secured, the IPO schedule will be thrown off.
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PuppyLooksAtTvl
· 10h ago
Anthropic's annualized 45 billion chase is intense, and Claude user experience is indeed improving.
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NonceNomad
· 10h ago
122 billion in funding secured, the final wave of ammunition before going public?
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NightFlightPancake
· 10h ago
By 2030, advertising will reach 102 billion, is this to learn from Meta?
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ChecksumSmile
· 10h ago
Both sides are choosing to go public in Q4 2026; it might lead to a collision.
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ProofOfNap
· 10h ago
Personal payment of 55 million, still has a lower conversion rate compared to monthly active users.
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GateUser-9335da8b
· 10h ago
905 million monthly active users, can GPT-5.5 break through 1 billion?
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PerpPulse
· 10h ago
Codex+ Enterprise Edition + Advertising, can the three-pronged approach offset losses?
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DancingOnTheEdgeOfLiquidation
· 10h ago
OpenAI's loss rate of -122% is just too intense—it's the art of burning money.
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