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Waymo, a subsidiary of Alphabet Inc. (GOOGL), has launched its robotaxi services in San Francisco, Los Angeles, and Phoenix, marking the first time passengers can book fully driverless trips on U.S. highways. The company also expanded its service to curbside pickups at San Jose Mineta International Airport.
Waymo delivered over 250,000 paid trips per week last year, with ambitions to reach one million weekly trips by 2026. While exact revenue figures are undisclosed, analysts estimate Waymo is generating hundreds of millions annually, projecting a growth to $2-$5 billion as it expands. The robotaxi market is expected to exceed $100 billion by 2030, with a CAGR of 40% or higher.
Alphabet’s Other Bets segment, which includes Waymo, generated $1.5 billion in 2024, up from $1 billion in 2023. This growth positions Waymo as a key catalyst in Alphabet’s nearly $400 billion annual revenue.
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