The cloud business brought in revenue of $3.83 billion (£2.8 billion) and recorded a loss $1.24 billion (£900 million) for Q4 2020, Google revealed on Tuesday. This marks the first time the company has announced the operating income metric for Google Cloud.
However, the company also managed to deliver $13 billion (£9.53 billion) of revenue during 2020, a steady increase from $5.8 billion (£4.25 billion) in 2018 and $8.9 billion (£6.53 billion) in 2019. Despite mounting losses over the year – $4.3 billion in 2018 and $4.6 billion in 2019 – this has been attributed to investment in new data centres as Google Cloud expands its operations.
In 2020, the cloud giant launched four new cloud regions in Indonesia, South Korea, and the US, and announced another four to come in Qatar, Spain, Italy, and France.