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

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5?????

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????????????,????”

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“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???????????????? ?

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