?? ??2024?292.3???:???? “????????+?”????????
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????:1?????:????????
2???6???
3?????
4?????
5??????9598
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%?
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????:“2024??11??????,???????,??,?????????????????????????,????????????????????????????,???????,?????????????????????2024?????”
“???????????,?????????????????,??????????????,???????????????????????????,??????????”????,“?????????????,??????????????”
????:“???????2025??,?????”
11???,?????????????????,«??»«??????????????»??????,?,???????????????
“2024????????????,?????????,???????????????????2025???????????????”????????????????????,??????,????2025???????
“????????????????+????????”?? ??????????????????????
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???????2024????,?????????????????????????????????????????????????,????12???????
?????,???,????????????«????»???????,????????2024????“????????”????????????????????????14??????«??»???????????,?????????????????????????????????????“????”???????????????????,«?????????»???;«???????????»«??»?????????????????????,????9500???????9000?
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????????????????????????????????????,????????«?????????????»????«??????:????»?????«??»?????????????????????????,??«????»????«????2024»????????,?????????IP??????????????????????,????,????«???????3D»????,?????IP«??????»«?»???????
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????????????,??,??????????????????????????,??????????????????????App?????????????,???????????????????,??????????,????????????????95%???????,?????2024?????12????????????,????,??,???????
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???«??????????»????2024????,??????????????????«??????????»?????????,???????????????,????????????????,2025??????????????????????
?????????“?+????”????,??;??,?????,????,??????????
?? ???“???+????????”??????????????
2024???????????????,?????41.0?????11???????,???????????????????????????,???????,??????????????5???????????????????????,????????????????????????????????,???????,????????????????????,?????????????????????????,????,????????,????,???VIP??
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??????????????????????????????,???????????????????????????????????????????30%??????,??,????????????????50%?2025????????,????????????????????????????,?????????????,2025???????????????????
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????????????????,????????14.3??,??????????????????????7%?????,???????,?????????,???????,?“????”?????40%,????????????????????30%???????????,??AI?,???????????
??????????,?,??????????4.1????6.7??????????????????????????,????????????Non-GAAP??????????????????????4.1?????????????,???10%?
??????????????????????:“??????????????????????2025??,?????”
2025????????? ???
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????????,????«?»«????»«????»??????,«????????»????IP????«????»«????????????????»??«????»«?????????????????»«?»«?????????????????»?????????????????????“??”?«???????»«???»«?????????»«???????»«???????????????»«?????????????????»??????,???,???IP??????????1??????????«???»??????,?????????8000,???“??????????????N??”??IP????????,«?????3»«??????5»«??????????????2025»?«????????????????????2»?????????????????????????????????????,??????,??????????????«????»«?????????????????»«??????????????????»????????????????«?????????????????????3»????????????????????????????????
?????????,???????????????,AI???????????5000?????????,???,???????????,???????????????????,???????“????”???,????;«??????????????????»«????»?????????????,??????,?????????IP?????VR??
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??????????,2025?????????,????“????????????+????”???
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