??
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?????,??????????????????“????+????????”????????
???????:???????????????
???????2024?292.3????:???????? “?+???”?????????????????????