????:1???????:?????

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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??????????????????????????”

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

11???????,??,«?????????????»«???????????»?????????????,???,??????

“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???? ??????????

????,2025?????????

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

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