Waymo Pushes Overseas as Alphabet’s Other Bets Remain Loss-Making

Waymo’s newest autonomous vehicle, the Ojai, was seen driving in Venice Beach on May 27, 2026. The robotaxi unit now operates in 15 major U.S. cities and has recently opened public service in San Antonio, San Diego and Tampa. Alphabet’s third-quarter report shows the “Other Bets” segment— which includes Waymo, drone-delivery unit Wing, biotech arm Verily and drug-design business Isomorphic—generated $372 million in revenue, up 8% year-over-year, but this represents only 0.3% of Alphabet’s total sales. The same segment recorded an operating loss of about $2.05 billion, widened from $1.43 billion a year earlier.

Alphabet Shares Plunge 10% as Waymo and Other Bets Losses Top $2 Billion — BigGo Finance

Waymo plans to launch robotaxi rides in Germany in 2027, marking its third international market and first in the European Union. Additional planned expansions target Canada, Singapore and Spain. On the global stage, Waymo’s chief competition comes from China’s Baidu Apollo Go, Amazon’s Zoox and Tesla’s robotaxi network.

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• Revenue: $372 million (Q3 2026) – 0.3% of Alphabet’s total sales.

Alphabet Shares Plunge 10% as Waymo and Other Bets Losses Top $2 Billion — BigGo Finance

• Operating loss: ~$2.05 billion (Q3 2026) vs. $1.43 billion (Q3 2025).

Alphabet Shares Plunge 10% as Waymo and Other Bets Losses Top $2 Billion — BigGo Finance

• Capital expenditures: Alphabet forecast $195-$205 billion for the year, largely for AI infrastructure, contributing to negative free cash flow of over $9 billion in the quarter.

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CEO Sundar Pichai highlighted Waymo’s momentum, noting the unit’s extensive mileage and geographic reach. Pichai also pointed to the recent $5 billion term loan and a $16 billion funding round that valued Waymo at $126 billion, underscoring continued investor confidence despite the segment’s losses.

Alphabet Shares Plunge 10% as Waymo and Other Bets Losses Top $2 Billion — BigGo Finance

• “Waymo is on a great trajectory,” — Sundar Pichai, CEO

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• “We have now driven more than 300 million fully autonomous miles.” — Tesla

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• “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,” — Sundar Pichai, CEO

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