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v3.26.1

Significant Accounting Policies (Details) - USD ($) $ in Thousands | 12 Months Ended | 72 Months Ended
--- | --- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2027
Revenues: |  |  |  |  |
Total revenues | $ 1,757,216 | $ 1,754,677 | $ 1,759,836 |  |
Revenue recognized that was included in the deferred revenue | 49,500 | 50,900 | 49,900 |  |
Sales and Marketing Expenses |  |  |  |  |
Advertising and promotional expenses | $ 338,100 | 319,800 | 302,300 |  |
Options |  |  |  |  |
Stock-based compensation |  |  |  |  |
Vesting period | 4 years |  |  |  |
Service-based restricted share units |  |  |  |  |
Stock-based compensation |  |  |  |  |
Vesting period | 4 years |  |  |  |
Advertising and marketing revenues |  |  |  |  |
Revenues: |  |  |  |  |
Total revenues | $ 1,501,630 | 1,498,693 | 1,534,014 |  |
Costs and Expenses |  |  |  |  |
Cultural business construction fees (as a percent) |  |  |  | 3.00% | 1.50%
Advertising and marketing revenues | Maximum |  |  |  |  |
Revenues: |  |  |  |  |
Period over social display ad arrangements allow customers to place advertisements on particular areas of the Group's platform in particular formats | 3 months |  |  |  |
Revenues from advertisers signing contracts with company directly |  |  |  |  |
Revenues: |  |  |  |  |
Total revenues | $ 559,339 | 487,306 | 437,276 |  |
Revenues From Advertising Agencies |  |  |  |  |
Revenues: |  |  |  |  |
Total revenues | 942,291 | 1,011,387 | 1,096,738 |  |
Value-added services revenues |  |  |  |  |
Revenues: |  |  |  |  |
Total revenues | $ 255,586 | $ 255,984 | $ 225,822 |  |

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