A light-emitting device including: m emitting units located between a first electrode and a second electrode; and m−1 charge generation units, each located between two neighboring emitting units among the m emitting units and including an n-type charge generation layer and a p-type charge generation layer. The m emitting units may each include an emission layer, at least one of the m emission layers comprises a first emission layer and a second emission layer that are in contact with each other, the first emission layer includes a first host, a second host, and a first dopant, the second emission layer includes a third host, a fourth host, and a second dopant, the first host and the second host form a first exciplex, the third host and the fourth host form a second exciplex, and the first dopant is a delayed fluorescence dopant, and the second dopant is a phosphorescent dopant.