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??,?????“?????????+?”?????????????

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