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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?????????”

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

????????????????????:“??????????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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