[dragonwriter]

No.

Google Cloud Revenue went up from $3.4 billion for Q3 2020 to $4.9 billion for Q3 2021

Google Cloud operating losses went down from $1.1 billion in Q3 2020 to $640 million in Q3 2021. (Though it looks like this change is almost exactly accounted for by a change in depreciation expense due to revised estimate of the useful life of servers.)

So they are bringing in significantly more money through the front door with Cloud, though they are still losing money (either about the same or half as much, depending on how you look at it) on Cloud.

[dustintrex]

The server depreciation changes affect all of Google. GCP accounts for only a portion of Google's server usage.

[dragonwriter]

> The server depreciation changes affect all of Google.

Good point. Not sure why I miscontextualized that number.