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

Futurum Principal Analyst Daniel Newman talks about Google’s huges losses in the cloud business.Source: Bloomberg)

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By Nico Grant

February 2, 2021 at 9:44 PM UTC

Updated on

February 2, 2021 at 10:20 PM UTC

This article is for subscribers only.

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.