If growth rates continue (~32% revenue, ~21% expenses):

($7,315B * 1.32^5) - ($7,795B * 1.21^5) = $9B profit per year (in 5 years).

That's one of the top 150 profitable companies in the world - with a better growth rate than nearly all of the companies ahead of it...

Google Cloud also includes Google Workplaces (Faka gSuite, faka Google Apps). That's a high profit area that might be masking GCP's losses. For all we know GCP's losses have remained the same with the growth from Google Workplaces hiding it.