????????2024???292.3????:?? “????????+?”?

2?????????????????????????18????,????(NASDAQ:IQ)????2024????12?????????????????31??????????????????????????292.3????????????,Non-GAAP(???)????23.6???????????????????????????,Non-GAAP?????????8%,??????????,??????????????,?????????????????66.1???????????????,Non-GAAP????4.1??????,Non-GAAP??????????????????6%?

?????:“2024????11?????????,????,??,???????????,????????????,???,????2024??”

“????,?????,???,??????,??”????????????????????????,“??,???????????”

??????????:“??????2025?????????????????,????????????????????”

11???????,?,«????????»«??»??????????????????????,??????????,???????????????????

“2024??,??????,?????????2025?????”????????????????,??,?????2025????

  “?????+????????????????”???? ??????????????????

???????????

???2024?,??????????????????????????????????,??????????12?????????????????

???????????,????????????,????«?????»???,????2024???????“??”????14????«??????????????»????,?????????????“?????????????????”????????????????,«?»??????????;«????????»«????»??????,?9500??????9000?

?????????????????????????????????,??????????????«???»?«?????????:?????????»?????????????«???»??????????????????????????,??????????????«????????????»?????????????????????«?2024»????,???????IP???????????,??????????,??«??????????????3D»?????????????,??IP«??????????»«????????????»?????????

????,????????,????????????????,???????????????????App??,????????????,???????,?????????95%??????,????2024???????12?,??????????????????????????,????,??

???«?????????????????»??????????2024?????????????,????«?????????»??????,????,??????,2025??

???????????????“????????????+????”?????????????????,??????????????;???,?????????????????,??,?????????????

??????????????? ??????????????????????“????+????????????????????”????

2024??,?????41.0??????11??,???,???????????????????????,???????????????????????????????5????????????????????????????,??????????????,????,?????????????????,??,????????????????????,??????????????,???????,??VIP?????????

???????????????,????????????????????????????30%?????????????,???????????????,?????????????????????????????50%?2025?,???????????????????????,?????????????????,2025???????????

???????????????,??????????????14.3???????????,??7%??????????????????????,???????????,??????????????????????,??????,????????????“??”?????????????40%,??30%???????????????????,????????????????AI??????????????????,?????

???????????,?????,???4.1????6.7????????????????????,?????Non-GAAP??????????????4.1????????????????,???????????????????10%?

?????????????:“?????????????????????2025??????????,????????????”

2025??? ???????????????

????????????????????,2025???

?????????,???????????????????????????«??»«???????»«??»???????????????????????,«?????????????????»????????????IP????«???????????????»«?????????»???«?»«??????????????????»«?????»«???»??????“???”??«????»«?»«??»«???»«????????????»«????»?????????????????,???,??????????????????????IP??????????1??«???????»?????????,?????????8000,????“??????????????????????N?????”????IP??????,«???3»«?????????????????????5»«???????2025»???????????????????????????«????2»???????????????????,????,??????????«??????????????????????»«?????»«????»????«???3»????????????????????????????????

??????????????????????,?????????????,AI?????????5000??????,???????????,????????,??????????,????????????“??????”?????????????????,????;«??????????»«?????????????»?????????????????????,????????????????,??IP??????????????VR???????????????

??,2025????,?????“?????+??”??????????

???????:?????????