OpenAI annual revenue forecast cut by $2 billion, IPO prospects look bleak
2026-10-09 11:20:49
According to CoinMeta, the annual revenue forecast for OpenAI was lowered by $2 billion before IPO, and it is now estimated to be $50 billion, rather than the $70 billion that investors had previously heard. This difference has a significant impact on a company with a current market value of $852 billion. Although OpenAI did not actually lose these sales, the differences in business models between it and its competitor Anthropic have caused market concern. Analyses point out that the way OpenAI calculates its revenue is different from Anthropic, leading to this unusual accounting issue. At the same time, the market's reaction to AI's stock has been negative, with the stock prices of NVIDIA, Oracle, and CoreWeave all declining. OpenAI plans to submit the confidential documents for IPO in June 2026 and is expected to go public in 2027.
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Source:Cryptopolitan
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