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

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