Google Cloud lost $5.61 billion on $13.06 billion revenue last year

Google’s cloud business reported operating loss of $5.61 billion in 2020. It brought in $13.06 billion in revenue for the year.

It’s the first time the company revealed the operating income metric for its cloud business.

The unit’s losses appear to be growing as the company invests heavily in sales staff. The company said the cloud unit lost $4.65 billion on $8.92 billion in revenue in 2019, and lost $4.35 billion on $5.84 billion in revenue in 2018.