OpenAI told investors its annualized revenue was about 20 billion below widely circulated ~$70 billion figures from late September. Sources said the higher number “grossed up” partner channel sales to compare with Anthropic’s accounting methodology—not a sudden revenue decline. The investor presentation also cited 77% total run-rate growth in Q3 2026 and 107% enterprise run-rate growth. Disclosure coincided with pressure on AI-linked equities.