Re:Ohio sues Google, seeks to declare the internet company a...
by gumby on Tuesday June 08, 2021 @05:34PM
(#27441184)
> Google Cloud is big enough to be significant in terms of revenue, but AFAIK is only maybe breaking even in terms of profit.
Google cloud gotten profitable enough that they only spent $5B to earn $4B in revenue last quarter. After a dozen years that's the best ever (classic case of monopoly leverage to get into a different market).
Advertising is "only" 81% of revenue but almost 100% of profit.
Some other commenters have proposed that properties like YT and Android drive ad traffic but when I looked at the last 10Q it looked like YT was about 10% of ad revenues. I believe Android is a net loss but worth it in that it's an offset to reduce payments to Apple. But I just skimmed the filing because this is just an HN comment.
Google cloud gotten profitable enough that they only spent $5B to earn $4B in revenue last quarter. After a dozen years that's the best ever (classic case of monopoly leverage to get into a different market).
Advertising is "only" 81% of revenue but almost 100% of profit.
Some other commenters have proposed that properties like YT and Android drive ad traffic but when I looked at the last 10Q it looked like YT was about 10% of ad revenues. I believe Android is a net loss but worth it in that it's an offset to reduce payments to Apple. But I just skimmed the filing because this is just an HN comment.