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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