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

2????????????

3???????

4?????????

5????????????

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????????????? ???

????????,2025?????????????

???????,??????????????????????«??»«??????????»«??»???????,«???»?????IP?????????????«????????????»«???»????????«????»«???????????»«????»«?????????????????????»?????????????????????????“????”?????????«?»«???????»«??????»«????????????????????»«?????????»«????»??????????????????????,??,?IP??????????????????1????«?»??????????????????,?????????8000,?????????“????N????????????????”????????????????IP??????,«????????????3»«????????????????5»«?????2025»??????????«????2»???????????????????,?,????????????«??????????????»«?»«?????????????»??????«????3»?????????????????????????????????????????????????

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

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

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