Google Cloud continues to make $858 million loss in Q2 2022. Google Cloud brought in $6.3 billion of revenue, a 35 percent year on year increase compared to Q2 2021’s $4.6 billion revenue. CEO Sundar Pichai said he believes Google Cloud has a “substantial market opportunity here” Google Cloud is still making losses, but the rest of the Alphabet empire is in rude health. Alphabet reported overall Q2 revenue of $69.7 billion, $40 billion of which came from Google Search and related activities, while YouTube ads generated $7.4 billion and Google’s advertising network contributed $8.3 billion. Google attributed that dip to spending on data centers that was hard to undertake in previous quarters. . . .
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