WSJ: OpenAI Q3 Operating Loss Jumps to $10.9B as Adjusted Margin Narrows to -109% From -150%

Leaked investor documents reported by the Wall Street Journal on Nov 10 show OpenAI's Q3 operating loss widened to $10.9B from Q2's $10.1B, even as the company's adjusted operating margin improved from -150% to -109% quarter-over-quarter. Revenue rose about 50% from Q2 to roughly $10B. The disclosure lands alongside continuing $20B funding-round talks and compares unfavorably with leaked Anthropic numbers showing $17B revenue and positive $2.5B adjusted operating income.