????:1?????????:??????

2??????????

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4?????18?

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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????

  “????+??????”????????????????????? ?????

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?????2024????????????????,???????????????????????????????????,????12?????

?????????,??????????????????????,??????????????«??»????????????????,??????????????2024??????“???????????”??????????14????«???»??????????,?????????????????????“??????”?????????????,«???????????»??;«????»«????????????????????»???????,?????????9500?9000?

??????????????????????????,????«?????????»???????«??????????:??»?????????????????«??»???????????????,??????????«??»?????????????????«???????????2024»????,?IP?????????????????,???????????,????????«?3D»??,??????????????????????IP«??????»«?»???

?,???????????????????,??????????????????????????????????,?????????????App????,????????,??,????????????????????????95%???????,????2024???12?????????,???????????????????????,???????????????,?????

?????«?»???????2024???????????????,?????«????????????????????»??????????????????????????????????,????,??????????,2025???????????????????

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?????????? ????“??+???”?????

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??? ??

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???????????????,?????????????????????,AI????????????5000??,????????????????????,??????????????????????????,????????????????,????“??”???????????,????;«????»«?????»??????????????,????,????IP????????????????????????VR?????

????????????,2025???????????????,??“??+????”???????????????????

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