These terms get mixed up in almost every cloud conversation, so here is a working set of definitions.

Hybrid cloud

Hybrid cloud connects an on-premises or private environment (data center, colo, edge) to one or more public clouds so that workloads and data can move or communicate between them. The defining feature is the private/public boundary.

Multicloud

Multicloud means using two or more public cloud providers, for example AWS and Azure, or AWS, Azure and GCP. The defining feature is more than one provider. A company can be multicloud without having a single data center.

Hybrid multicloud

Most large enterprises are both: on-premises plus several public clouds. That is hybrid multicloud, and it is the usual reality.

What is not multicloud

Why the difference matters for the network

  Hybrid Multicloud
Main connectivity problem Data center to cloud (VPN, Direct Connect, ExpressRoute, Interconnect) Cloud to cloud across different providers
Main design problem Routing, DNS and security policy across the private/public boundary Different constructs, limits and terminology in every cloud
Typical risk Latency, throughput and egress cost to on-prem Inconsistent security, visibility and operations per cloud

Each cloud has its own virtual network model, route tables, firewall construct and quotas. Without a common approach, you end up operating three or four different networks instead of one. That is the reason to treat the network as an architecture of its own (core, access, security and operations) rather than as a collection of per-cloud settings.