On: Google Cloud Worth $225B, Deutsche Bank Says

[wolco]

The valuation doesn't add up. At 38B revenue we can assume 12B operating income so 20x profit. But your telling us today it is worth 225B not in 2025?

[SpicyLemonZest → wolco]

I can't find a copy of the analysis (it's unclear to me whether it's even public). But presumably Deutsche either thinks 38B is an an almost sure thing, or expects the business to grow even more after 2025.