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