Waymo advances abroad while division remains small in Alphabet's balance sheet
Other Bets, which includes Waymo, had revenue of US$372 million in the third quarter, up 8%, and accounts for 0.3% of Alphabet's sales.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 2 MIN
Waymo dominates autonomous taxis in the United States and, according to Times Brasil, is now starting to expand abroad. Even with this progress, the operation still represents a minimal portion of the group's revenue.
Alphabet's third quarter balance sheet, released on Wednesday (28), shows the performance of the Other Bets division, which includes Waymo. According to Times Brasil, the unit recorded revenue of US$372 million, equivalent to R$2 billion, in the period. This value represents an increase of 8% compared to the same period of the previous year.
In terms of weight within the company as a whole, Other Bets accounts for 0.3% of Alphabet's total sales. As relevant as the operation of autonomous taxis is, it occupies a small portion of consolidated revenue.
The international advance is the point that sets the tone for the story, but the numbers calculated still show a division with growth of 8% and a 0.3% share in sales. The question that remains is when external expansion will begin to appear clearly in the unit's revenues.
What changes for the investor
Anyone who follows Alphabet must see Other Bets as still a small item in total revenue, with a share of 0.3%. The data collected does not inform the operational result of the division, so the real weight on the accounts depends on the complete detail of the balance sheet. In practice, it is worth observing whether the 8% growth is maintained and whether the expansion abroad starts to be reflected in the unit's revenues. Until this happens, Waymo's effect on consolidated results tends to be limited.
Automatically translated from Portuguese.
