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Google Cloud Reports Huge Operating Losses in New Disclosure

  • CFO Porat says company is investing ‘ahead of revenue’
  • Amazon Web Services makes $3.56 billion quarterly profit
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Futurum Principal Analyst Daniel Newman talks about Google’s huges losses in the cloud business.Source: Bloomberg)
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Alphabet Inc. said its Google Cloud business had an operating loss of $1.2 billion in the fourth quarter, a new disclosure that may disappoint some Wall Street analysts.

The Mountain View, California-based company revealed the number on Tuesday in a statement. For 2020, the cloud division lost $5.6 billion, Alphabet said.