?? ??2024????????292.3????????:? “????+???”?
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????:1??????????:?????????
2????????
3???????QQ?
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%?
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?????????:“2024?????????11???????????,???????????????,??????,????????????????????????,?????????????????????,???,????????????2024?????????????????”
“???????????????????,????,??,?????????,???????????????”????,“??????????,??????”
????????:“??????????????????????2025??????????????????????,??????????”
11???,???????????????????,«?»«???»?????????,??,???????????
“2024????????????,??,???2025?????”?????????,????,??????2025?????????????????????
“??+?????”?? ???????????????????
????????
??????????????2024????????,?????????????????????????????????????????????????????????????,??12?????????????????????
??,??????????????,??«?????????????»??????????????,????????????????2024?????????“??????”???14????«????»?????,??????????????????“??????”??????,«?????????????????????»????????????;«???????»«??????????????»????????????????,????9500????9000?
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????????????????????????????????,???«???????????????»??????????«????????:??????????»??????????«?????????????»?????????????,????????????????????«?????????????»??????????«???2024»??????????????,???????IP???????????,??????????????????????,??????«??????3D»?????,??????????????????IP«?»«????????????????»????????????????????????????
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??????????????????????,??,???????????????????????????????????????,???????????????????????????????????????????????App????,??????????????,??,?????????95%??,?????????2024???12????????????,??????????????????,?,??????
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????????????????«????????»?????2024????,????«??»?????????????????????????,?????????,?????????????????,2025???????????
????“????????+??????????”?,?????????????????;??,???????,??????????,?????
???? ????????????????????“???+????????????”????????
2024????,?41.0?????11???????,??,??????????????????????,???????????????????5????????????,?????????????????????????,????????,??????????????????????????,??????,??????????,?????????,????,???????????????????VIP???????????????????
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?????????????????????????????????????,????????????????30%??,??,???????50%?2025???????????????,??????????????????????????,???????,2025???????
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???????,??????????????????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??????????
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??,2025?????????,?????“??????????????????+?”????????????????????????????
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