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$5.6 Billion lost by Google Cloud last year

$5.6 Billion lost by Google Cloud last year

Even though Google continues to witness accelerated revenue, losses for the company are also increasing. The operating income/loss for its Google Cloud business unit were disclosed in its quarterly earnings. In the fiscal year 2020, Google Cloud lost $5.6B. The revenue at the same time was $13 billion. In the past few years, the losses and revenue both have seen an increase for Google Cloud.

Sandra
Sandra
Deborah
Deborah 2 months

I find it sad that google is losing money, maybe it's time to revise things. But always I LOVE GOOGLE

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