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??,?????“????????????????????+??????”??????????????????
???????????:?????
?????:10????????????
???????!???:??????????
«????»?????:IP?????????
?????????????????????
YG?????????????????????
?????????????:????????
????????????:????????
????????????????????
??19+8????????19+16??????
???????????T?:????????
???????????:??????????120%
???????????!????????
???????????????????
?????????????????????
????????:???????????
??????:??????????????
???????????????:????
?:“???”???,????????
??:“??”????????????????
???:????????????????
??????:??????????????
??????:??????1?????1??
?????????:?????“?”?????“?”
???????!???:??????????
???????????:??????????120%