v3.26.1
Produced Content, Net
12 Months Ended
Dec. 31, 2025
Disclosure Of Produced Content Net [Abstract]  
Produced Content, Net
 
7.
 PRODUCED CONTENT, NET
 

 
  
As of December 31,
 
 
  
2024
 
  
2025
 
  
2025
 
 
  
RMB
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Released, less amortization and impairment
  
  
  
— Predominantly monetized with other contents
     5,113        6,131        877  
— Predominantly monetized on its own
     21        58        8  
  
 
 
    
 
 
    
 
 
 
     5,134        6,189        885  
  
 
 
    
 
 
    
 
 
 
In production, less impairment
        
— Predominantly monetized with other contents
     8,099        6,813        974  
—
Predominantly monetized on its own
     255        236        34  
  
 
 
    
 
 
    
 
 
 
     8,354        7,049        1,008  
  
 
 
    
 
 
    
 
 
 
In development, less impairment
        
— Predominantly monetized with other contents
     1,158        1,300        186  
— Predominantly monetized on its own
     49        37        5  
  
 
 
    
 
 
    
 
 
 
     1,207        1,337        191  
  
 
 
    
 
 
    
 
 
 
Total
  
 
14,695
 
  
 
14,575
 
  
 
2,084
 
  
 
 
    
 
 
    
 
 
 
Amortization expense for produced content predominantly monetized with other content assets of
RMB
5.2 billion,
RMB
5.3 billion and
RMB
6.2 billion (US$890 million) and for produced content predominantly monetized on its own of
RMB
1.1 billion,
RMB
544 million and
RMB
605 million (US$87
million) was recognized as “Cost of revenue” in the consolidated statements of comprehensive income for the years ended December 31, 2023, 2024 and 2025, respectively.
Estimated amortization expense relating to the existing produced content for each of the next three years is as follows:
 
 
  
RMB
 
  
US$
 
 
  
(In millions)
 
Within 1 year
     2,021        289  
Between 1 and 2 years
     1,028        147  
Between 2 and 3 years
     788        113