Waymo remains small revenue contributor despite international expansion
Alphabet's autonomous vehicle unit generates minimal revenue as it pursues overseas growth.
At a glance
- Waymo generated 0.3% of Alphabet's total revenue in the latest quarter
- The autonomous vehicle unit remains part of Alphabet's Other Bets division
- The company is expanding internationally while continuing to burn cash
Waymo, Alphabet's self-driving car venture, continues to represent a tiny fraction of the company's overall business. The unit, housed within Alphabet's Other Bets segment, accounted for just 0.3% of total revenue in the most recent quarter.
The company is pursuing expansion into international markets even as it operates at a significant financial loss.
Why it matters
Waymo's minimal revenue share highlights the challenges facing autonomous vehicle development, which requires substantial investment before reaching profitability.
Original reporting
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