Waymo posts $372 million Q3 revenue but $2.05 billion operating loss as it expands overseas
Alphabet’s Other Bets segment, which includes Waymo, reported $372 million of revenue in the third quarter, an 8% year‑over‑year increase, while its operating loss widened to $2.05 billion. CEO Sundar Pichai said Waymo will launch robotaxi services in Germany by 2027 and is adding more U.S. cities. The unit recently closed a $5 billion term loan and earlier raised $16 billion in equity funding.
Why it matters
The large operating loss highlights Waymo’s heavy cash burn, meaning investors must watch how the new debt and equity financing support its expansion. Alphabet’s overall earnings were pressured by the loss in Other Bets, contributing to a broader market sell‑off.
Key facts
- 1Other Bets generated $372 million in revenue in Q3, up 8% YoY. cnbc.com
- 2Other Bets reported an operating loss of $2.05 billion in Q3, up from $1.43 billion a year earlier. cnbc.com
- 3Waymo plans to roll out robotaxi rides in Germany in 2027. cnbc.com
- 4Waymo closed a $5 billion term loan in October. fortune.com
- 5Waymo raised $16 billion in a February funding round at a $126 billion valuation. fortune.com
- 6Alphabet reported total Q3 revenue of $127.6 billion, up 25% YoY. fortune.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.