??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%?

?????????????:“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????????,??“????????????+?????????”???????????????????