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???,???????????“????????????+?????????”??????????????
???????:?????????????
????23?????????????
???????????????????|gif
??????:??????????????
2017??????????????????6.6%…
?????????????????????
????12?????????????????
??????????????????????
«????»????????????
???100???7????5???????
????????«????»?S?F4????
????????“????”????????
????!?????????????????
?????:IS??????????
????:???????????
????????????????????
?????????????????
??:???????????????????
????-????7??????????????
????????????????????????
????????????????????
????12?????????????????
????????????????????
????????????????????????
?????????????:???????
??:???????????????????