Deferred Revenue

12 Months Ended

Dec. 31, 2024

Disclosure Of Deferred Revenue [Abstract]

Deferred revenue

27.Deferred revenue

	As at December 31,
	2023		2024
	RMB’million		RMB’million
Non-current		148		179
Current		2,854		3,096
		3,002		3,275

Deferred revenue mainly represents contract liabilities in relation to the service fees prepaid by customers for membership subscriptions, time-based virtual gifts, content sublicensing and digital music singles and albums, for which the related services had not been rendered as at December 31, 2023 and 2024.

Revenue recognized for the years ended December 31, 2022, 2023 and 2024 related to carried-forward contract liabilities amounted to RMB1,834 million, RMB2,170 million and RMB2,854 million, respectively.

The transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less.