[bsder]

Probably not by itself. However, it looks like Google is doing a very good job on managing the costs in terms of physical disruption, custom hardware, etc. I suspect that they aren't losing much and probably are turning at least a small profit.

However, Google doesn't care. They identified Comcast, Time-Warner, etc. as an existential threat that can get between them and their customers. As such, Google doesn't really care about losing some money as long as it wipes out the monopoly position of the big ISPs.