OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO
wsj.com
April 28, 2026
1 min read
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43/100
Summary
OpenAI has missed its targets for new users and revenue, raising concerns among company leaders about its ability to sustain spending on data centers. CFO Sarah Friar expressed worries about the company's capacity to fulfill future computing contracts if revenue growth does not accelerate.
Key Takeaways
- OpenAI missed its targets for new users and revenue, raising concerns about its ability to support spending on data centers.
- Chief Financial Officer Sarah Friar expressed worries that revenue growth may not be sufficient to cover future computing contracts.
- OpenAI's board is scrutinizing data-center deals and questioning CEO Sam Altman's push for more computing power amid a business slowdown.
- OpenAI has committed to approximately $600 billion in future spending on data-center capacity, which is seen as critical for its growth.
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