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??,????????“????????+?????????”??

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

??

??:???????????,??????????,??????????????