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