????:1?????app:????????????

2?????q

3????????

4?????????

5????????

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

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