v3.26.1
Organization - Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss (Details)
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2025
USD ($)
Current assets:          
Cash and cash equivalents ¥ 4,354,275   ¥ 3,529,679 ¥ 4,434,525 $ 622,653
Short-term investments 314,819   941,610   45,019
Accounts receivable, net 2,522,668   2,191,178   360,737
Licensed copyrights, net 447,507   388,718   63,993
Prepayments and other assets 2,406,222   2,192,928   344,085
Total current assets 10,290,295   9,527,236   1,471,494
Non-current assets:          
Fixed assets, net 903,427   877,982   129,188
Long-term investments 1,773,309   2,108,477   253,580
Licensed copyrights, net 5,962,954   6,930,053   852,691
Produced content, net 14,578,037   14,707,869   2,084,632
Operating lease assets 489,720   609,832   70,029
Goodwill 3,820,823   3,820,823   546,370
Total non-current assets 36,391,440   36,233,289   5,203,907
Total assets 46,681,735   45,760,525   6,675,401
Current liabilities:          
Customer advances and deferred revenue 4,160,459   4,403,686   594,938
Short-term loans 2,493,100   3,786,901   356,500
Long-term loans, current portion 738,391   167,987   105,589
Operating lease liabilities, current portion 84,174   96,675   12,037
Total current liabilities 22,067,307   21,477,333   3,155,584
Non-current liabilities:          
Long-term loans 3,368,876   1,036,835   481,743
Operating lease liabilities 340,256   461,974   48,656
Total non-current liabilities 11,305,502   10,909,428   1,616,665
Revenues 27,291,300 $ 3,902,604 29,225,238 31,872,651  
Cost of revenues (21,542,347) (3,080,515) (21,953,582) (23,102,492)  
Net income/ (loss) (204,043) (29,178) 790,589 1,952,554  
Net cash provided by/(used for) operating activities 105,801 15,131 2,110,057 3,351,600  
Net cash (used for)/provided by investing activities (327,435) (46,822) (2,444,870) (1,739,515)  
Net cash provided by/(used for) financing activities 1,064,434 152,213 (1,370,121) (4,285,072)  
Variable Interest Entities          
Current assets:          
Cash and cash equivalents 1,438,131   803,720   205,650
Short-term investments 281,692   738,561   40,281
Accounts receivable, net 2,406,133   2,117,491   344,072
Licensed copyrights, net 270,434   193,365   38,672
Prepayments and other assets 1,880,948   2,138,706   268,972
Total current assets 6,277,338   5,991,843   897,647
Non-current assets:          
Fixed assets, net 562,349   607,502   80,415
Long-term investments 1,394,923   1,577,992   199,471
Licensed copyrights, net 1,407,960   1,656,880   201,336
Produced content, net 13,942,621   13,418,428   1,993,768
Operating lease assets 377,643   486,719   54,002
Goodwill 2,345,466   2,345,466   335,397
Others 1,975,616   1,156,455   282,509
Total non-current assets 22,006,578   21,249,442   3,146,898
Total assets 28,283,916   27,241,285   4,044,545
Current liabilities:          
Accounts payable 3,879,760   3,422,348   554,798
Customer advances and deferred revenue 3,947,934   4,212,168   564,547
Short-term loans 996,608   1,433,031   142,513
Long-term loans, current portion 662,656   63,997   94,759
Operating lease liabilities, current portion 66,347   78,079   9,487
Accrued expenses and other liabilities 2,890,603   3,226,119   413,351
Total current liabilities 12,443,908   12,435,742   1,779,455
Non-current liabilities:          
Long-term loans 3,070,772   935,455   439,115
Operating lease liabilities 319,955   433,549   45,753
Other non-current liabilities 865,836   980,001   123,813
Total non-current liabilities 4,256,563   2,349,005   608,681
Amounts due to the Company and its subsidiaries 19,244,158   19,093,453   2,751,878
Total liabilities 35,944,629   33,878,200   $ 5,140,014
Revenues 24,357,765 3,483,114 27,576,488 29,783,468  
Cost of revenues (21,045,944) (3,009,530) (22,834,288) (24,439,915)  
Net income/ (loss) (1,073,271) (153,476) 492,482 824,015  
Net cash provided by/(used for) operating activities (732,605) (104,761) (2,024,567) 831,956  
Net cash (used for)/provided by investing activities 292,859 41,878 (466,579) 251,794  
Net cash provided by/(used for) financing activities 1,091,160 156,034 461,953 (141,212)  
Variable Interest Entities | Third-Party          
Non-current liabilities:          
Revenues 24,030,973 3,436,383 27,218,410 29,432,773  
Cost of revenues (15,223,186) (2,176,887) (14,847,818) (16,776,185)  
Variable Interest Entities | Inter-Group          
Non-current liabilities:          
Revenues 326,792 46,731 358,078 350,695  
Cost of revenues ¥ (5,822,758) $ (832,643) ¥ (7,986,470) ¥ (7,663,730)