{"id":428385,"date":"2026-05-02T08:22:08","date_gmt":"2026-05-02T08:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/428385\/"},"modified":"2026-05-02T08:22:08","modified_gmt":"2026-05-02T08:22:08","slug":"openai-cfo-company-hits-core-targets-despite-stretch-goals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/428385\/","title":{"rendered":"OpenAI CFO: Company Hits Core Targets Despite Stretch Goals"},"content":{"rendered":"

OpenAI<\/a>\u00a0Chief Financial Officer\u00a0Sarah Friar<\/a>\u00a0said Thursday (April 30) that the company is meeting its objectives.<\/p>\n

Interviewed by Bloomberg for a\u00a0report<\/a>\u00a0published Thursday, Friar said that if anything is slowing OpenAI down at all,\u00a0it\u2019s\u00a0not a lack of demand, but a lack of\u00a0compute.<\/p>\n

Friar\u2019s remarks came three days after the Wall Street Journal reported Monday (April 27) that OpenAI had fallen short of its\u00a0internal goals<\/a>\u00a0for new users and revenue and that some of the company\u2019s executives, including Friar, were concerned about whether the firm would be able to fund its data center plans if its revenue didn\u2019t grow quickly enough.<\/p>\n

Bloomberg reported Tuesday (April 28) that OpenAI described the WSJ report as \u201cprime clickbait\u201d and that the company said its consumer and enterprise\u00a0businesses are \u201cfiring on all cylinders<\/a>\u201d and \u201cthe mood internally is incredibly positive.\u201d<\/p>\n

Friar told Bloomberg Thursday that OpenAI may have internal \u201cstretch goals\u201d that are more ambitious than its publicly shared goals, but that demand for the company\u2019s products continues to grow.<\/p>\n

\u201cEvery company I\u2019ve ever been inside of in my entire CFO life, and as an analyst, always has stretch goals \u2014 always,\u201d Friar said, per the report.<\/p>\n

Advertisement: Scroll to Continue<\/p>\n

The Information reported that OpenAI is projecting a giant shift in subscription revenue but still sees revenues more than doubling<\/a>\u00a0to\u00a0$30 billion\u00a0this year and reaching\u00a0$284 billion\u00a0in 2030.<\/p>\n

The report said that while OpenAI has pulled in the bulk of its revenue from consumers\u2019 $20-per-month ChatGPT subscriptions over the last three years, the company now expects that a cheaper, ad-supported subscription tier will attract\u00a0new users\u00a0but also lead existing subscribers to downgrade. The company hopes to generate more revenue by selling ads to more users than depending on its existing flagship monthly subscription service, ChatGPT Plus.<\/p>\n

It was reported April 9 that OpenAI expects its nascent\u00a0advertising<\/a>\u00a0business to generate\u00a0$2.5 billion\u00a0in revenue this year and surge to\u00a0$100 billion\u00a0by the end of the decade. The report said the company\u2019s projections underscore its push to monetize its user base to help fund the soaring costs of developing its AI technology.<\/p>\n","protected":false},"excerpt":{"rendered":"OpenAI\u00a0Chief Financial Officer\u00a0Sarah Friar\u00a0said Thursday (April 30) that the company is meeting its objectives. Interviewed by Bloomberg for…\n","protected":false},"author":2,"featured_media":428386,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,88134,196,218,219,61,60,43,1682,179,80,181],"class_list":["post-428385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-investments","tag-ai-startups","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-news","tag-openai","tag-pymnts-news","tag-technology","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/428385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=428385"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/428385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/428386"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=428385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=428385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=428385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}