Waymo Is Dominant in the U.S. and Expanding Overseas

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Waymo is dominant in the U.S. and expanding overseas, but it remains immaterial in terms of revenue to parent Alphabet, which is pouring cash into its growth.

Key points:

Alphabet’s Other Bets segment, which includes Waymo, generated just $372 million in third-quarter revenue, representing 0.3% of the total.

While Waymo is dominant in the U.S. and is expanding overseas, it’s a cash-burning venture, with Other Bets racking up more than $2 billion in operating losses during the quarter.

“Waymo now operates in 15 major U.S. cities and just recently opened up service to the public in San Antonio, San Diego and Tampa with planned expansions into Canada, Germany, Singapore and Spain,” Alphabet CEO Sundar Pichai said on the earnings call. 

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