OpenAI narrowed its losses in the third quarter of 2026, with its adjusted operating margin improving from -150% to -109%, a 41-point gain in a single quarter. Revenue reached approximately $10 billion, up about 50% from the previous quarter, putting the company on an annualized run rate of roughly $50 billion. Enterprise customers drove most of the improvement, with their revenue doubling quarter over quarter and accounting for about half of total revenue. Consumer subscriptions surpassed 100 million users, while OpenAI continued investing heavily in talent and infrastructure amid intensifying competition from Anthropic.
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