????????2024???292.3??:? “?+????”????????
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%?
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/acc89345b5ef4bf297062c309cd94d70.jpg)
???????:“2024????11???????????,?????????????????????,??????????,???????????,??????????????????????????????????????????,??????,????2024?????”
“????????,?,?????,??,??????????????????”?????????????,“??????,?????????????”
??:“?????????2025?????????????????,??????????????”
11?,????????????????,«???»«?????????????????»???????????????????????????,??????????????,????
“2024?,??,??2025???????”?,??????????,????2025???????
“?????????+???”???? ????
???
?????????????2024????,???????????????????????????????,?12?????
????????????,???????,?????????«????»?????????,??????????????2024?????“??”??????????14??«????»???,??????????????“???????????”???????????????????????????,«??????????»??????????;«??????????????????»«????????????????????»??,??9500????????????????9000?
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/482009732c21457f9ad1779a15b87034.jpg)
????????????????,?«?»?????????????????«??????????:???????????????»??????????????????«???????»???????????????????????????,????«????????»???????????????????«???????2024»?????,??IP???????????,??????????????????,????«????3D»????,?????????IP«??????????????»«???????????????????????????»???????????????????????
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/6916a091da724dc6ba13bd27b8597191.jpg)
????????????????????,???????????,????????????????????????????????,?????????????App???,???????????????????????????,???????????????,????????????????95%??,?????2024??????????????12?,??????,????,?????
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/e39328ff1f2b414ebfee3757754e98d6.jpg)
????????????????????«????»??2024??????,????????????????????«????»???????????????????,??????????,????????????????,2025??????????
?????????“???????+????”?????,????;??,????????,????,???
?? ?????????????????“????????????+?????”???
2024?????,??????????????41.0????????????????11???????????,?????????????????,??????????,????????????5??????????????????????,?????????????????????????????????,?,???????????,???,???,?????????,?????????????????,??????VIP?????
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/dc875e5c0bd041c994258118bccda8cc.jpg)
?????????????????????????????????,????????????????????30%???,????,????????????????????????????????50%?2025??????,?????????,???????????????????????????,2025??????????????
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/4e630f88772e4d78998535206a52b1ad.jpg)
??,?????????????????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?????????
![](http://i2.chinanews.com.cn/simg/cmshd/2025/02/18/1783df668bde4130aac33ebe0050a23e.jpg)
?????,2025??????,??????????????????????“?+?????????”???????
?????:?????????
??