Waymo’s backers valued it at $126 billion. The Alphabet division that houses it brought in $372 million last quarter—and lost $2.05 billion
Source: Fortune ·
Other Bets lost $5.50 for every $1 of revenue in Q3 2026.
From the source
Alphabet lost $482 billion in market value Thursday, its worst day since going public in 2004. The robotaxi business it’s taking to London and Tokyo barely registers in the third-quarter results behind that drop: Other Bets—the division that houses Waymo—brought in $372 million, about 0.29% of Alphabet’s $127.6 billion in sales, and lost more than five times that. Thursday’s sell-off was driven by Google’s core search business, analysts concluded. Waymo still has to expand overseas inside a company whose shareholders just punished it for how much it spends, and it is leaning more on outside investors and lenders to pay for that growth. “We had a strong quarter and are now on a half-trillion dollar revenue run rate,” CEO of Google and Alphabet Sundar Pichai said in the report. “Our deep full stack approach is driving momentum across the business, with Alphabet revenues growing 25% year-over year. We’re excited by the range of big opportunities ahead of us.” Alphabet’s Other Bets…