
	As of December 31,
	2024		2025		2025
	RMB		RMB		US$
	(In thousands)
Released, less amortization and impairment
— Predominantly monetized with other contents		5,113,933		6,130,136		876,598
— Predominantly monetized on its own		20,508		58,377		8,348
		5,134,441		6,188,513		884,946
In production, less impairment
— Predominantly monetized with other contents		8,108,506		6,811,715		974,062
— Predominantly monetized on its own		255,380		236,327		33,794
		8,363,886		7,048,042		1,007,856
In development, less impairment
— Predominantly monetized with other contents		1,160,622		1,304,420		186,530
— Predominantly monetized on its own		48,920		37,062		5,300
		1,209,542		1,341,482		191,830
		14,707,869		14,578,037		2,084,632

Amortization expense for produced content predominantly monetized with other content assets of RMB5,207.5 million, RMB5,253.9 million, RMB6,222.2 million (US$889.8 million) and for produced content predominantly monetized on its own of RMB1,088.2 million, RMB543.7 million, RMB604.9 million (US$86.5 million) was recognized as “Cost of revenues” in the consolidated statements of comprehensive income/(loss) for the years ended December 31, 2023, 2024 and 2025, respectively. As of December 31, 2025, approximately RMB350.8 million (US$50.2 million) of accrued participation cost liabilities will be paid during the upcoming operating cycle.

Estimated amortization expense relating to the existing produced content for each of the next three years is as follows:


	RMB		US$
	(In thousands)
Within 1 year		2,020,743		288,962
Between 1 and 2 years		1,027,536		146,936
Between 2 and 3 years		787,608		112,626