Google's net profit in the third quarter increased by 30%: AI boom boosts cloud business revenue by 35%, but advertising growth slows down. After the stock market closed on October 29th local time, Google's parent company Alphabet released its 2024 third quarter financial report as of September 30th. According to the financial report, Alphabet achieved a revenue of $88.268 billion in the third quarter, a year-on-year increase of 15%, higher than analysts' expectations of $86.44 billion; Non GAAP net profit was $26.301 billion, a year-on-year increase of 34%; Diluted earnings per share were $2.12, a year-on-year increase of 37%, higher than market expectations of $1.83.