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

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

  “????????+?”???? ???????????????

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

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

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

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

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

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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?????? ?

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

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

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