Expenses by nature (Tables)

12 Months Ended

Dec. 31, 2025


	Year ended December 31,
	2023		2024		2025
	RMB’million		RMB’million		RMB’million
Service costs (note i)		14,176		11,974		11,349
Advertising agency fees		790		1,015		1,225
Employee benefits expenses (note ii and note iii)		3,990		3,819		4,127
Promotion and advertising expenses		603		611		672

Notes:

(i)

Service costs mainly comprised content costs of royalties, revenue sharing fees paid to content creators and content delivery costs that primarily consisted of server, cloud services and bandwidth costs.

(ii)

During the years ended December 31, 2023, 2024 and 2025, the Group incurred expenses for the purpose of research and development of approximately RMB2,525 million, RMB2,280 million and RMB2,317 million, which comprised employee benefits expenses of RMB2,303 million, RMB2,084 million and RMB2,144 million, respectively. No material development expenses had been capitalized for the years ended December 31, 2023, 2024 and 2025.

(iii)

Employee benefits expenses


	Year ended December 31,
	2023		2024		2025
	RMB’million		RMB’million		RMB’million
Wages, salaries and bonuses		2,562		2,539		2,720
Welfare, medical and other expenses		566		491		519
Share-based compensation expenses		670		596		669
Contribution to pension plans		192		193		219
		3,990		3,819		4,127