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?????

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

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

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