Sundar Pichai Told Employees Waymo Could 'Meaningfully' Contribute to Alphabet's Financials as Soon as 2027. Is the Self-Driving Bet Underrated by the Market Today?
Yahoo Finance ·
Anyone patiently waiting for Google's budding robotaxi business to matter may not have to wait much longer. That's the top takeaway from Alphabet ( GOOG +1.59% ) ( GOOGL +1.59% ) CEO Sundar Pichai's internal update on the development of Waymo delivered late last year, when he suggested the self-driving taxi brand would "meaningfully" contribute to Alphabet's results beginning sometime in 2027. And there's no reason to suspect otherwise now. Since then, the company has launched service in Sacramento, Chicago, and Dallas, and expanded service in a slew of other cities, with more on the way before the end of 2026. As of midyear, the service was providing over 500,000 rides each week. In short, not only does the autonomous taxi's technology work, but consumers are embracing it. The question is, does what constitutes "meaningful" to Pichai do the same for Alphabet's shareholders?
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