jeddy jed jed (are you cool with being called that?) - it looks like you are technically right, but Google perfectly worded the sentence to make it sound like they are not making a huge profit, but instead are simply covering costs. I also strongly believe this is and was their intent.
Thanks for you comment, but I don't see the need for the straw manning you pulled.
I'd at least be able to understand the apparent contempt in your comment if it looked like there were a decent amount of comments in this thread that weren't doing exactly what I did by writing the obvious.
On a side note - cheer up man, life is too short for negativity on a personal level.