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????,???“?+??????????”????
?????:??????
??????????????????????
???????????:?????????
??????!??????????????
???!???????????:??????
?????????????????30??
????????????????????(gif)
???:??????????????????
???«?????»:???????????
????????????????:????
???:???????U23??????????
«?????»????????????
???!??????????:???????
????:???????????????
“????”??????????????
?????????6.5??????????
?????????????????
?????????????????????
???????:????????????
MVP?????!?????????????
?????????6.5??????????
15???????????????????
???!??????????:???????
??????????????
?????????6?????4?
????:2016???147??10?10?