You have the key, not the provider. They are explicit about this in the implementation.
They can only read the messages before encryption if they are backdooring all android phones in an act of global sabotage. Pretty high consequences for soke low stakes data.
So your stance is that Google is applying self designed malware to its own services to violate its own policies to harvest data that could bring intense legal, financial and reputational harm to it as an org it was ever discovered?
Seems far fetched.