Phoenix New Media Limited (FENG)

Phoenix New Media Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	692.02	785.71	1,030	1,209	1,328
Revenue Growth (YoY)	-11.92%	-23.74%	-14.77%	-8.96%	-3.52%
Cost of Revenue	464.15	548.51	597.4	559.29	683.33
Gross Profit	227.88	237.2	432.93	649.56	644.45
Selling, General & Admin	270.91	296.83	610.44	557.36	783.82
Research & Development	82.66	131.81	158.59	171.99	216.74
Other Operating Expenses	0	0	0	22.79	0
Operating Expenses	353.57	428.64	769.03	752.14	1,001
Operating Income	-125.7	-191.44	-336.1	-102.58	-356.11
Other Expense / Income	-36.18	-11.39	-150.98	-598.53	-1,105.89
Pretax Income	-89.52	-180.05	-185.12	495.95	749.78
Income Tax	12.98	-70.39	20.58	115.58	21.95
Net Income	-102.5	-109.65	-205.7	380.37	727.83
Net Income Growth	-	-	-	-47.74%	-
Shares Outstanding (Basic)	582	582	582	582	582
Shares Outstanding (Diluted)	582	582	582	582	582
Shares Change	-0.01%	-	-	0.01%	0.21%
EPS (Basic)	-8.64	-9.12	-16.80	31.20	60.00
EPS (Diluted)	-8.64	-9.12	-16.80	31.20	54.72
EPS Growth	-	-	-	-42.98%	-
Free Cash Flow	-66.77	-337.79	-142.27	-115.2	-388.19
Free Cash Flow Per Share	-5.50	-27.84	-11.73	-9.50	-32.00
Dividend Per Share	-	-	-	8.227	8.227
Gross Margin	32.93%	30.19%	42.02%	53.73%	48.54%
Operating Margin	-18.16%	-24.36%	-32.62%	-8.49%	-26.82%
Profit Margin	-14.81%	-13.96%	-19.96%	31.47%	54.82%
Free Cash Flow Margin	-9.65%	-42.99%	-13.81%	-9.53%	-29.24%
Effective Tax Rate	-	-	-	23.31%	2.93%
EBITDA	-46.96	-125.3	-119.07	574.86	833.14
EBITDA Margin	-6.79%	-15.95%	-11.56%	47.55%	62.75%
Depreciation & Amortization	42.56	54.75	66.05	78.91	83.37
EBIT	-89.52	-180.05	-185.12	495.95	749.78
EBIT Margin	-12.94%	-22.92%	-17.97%	41.03%	56.47%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).