Phoenix New Media Limited (FENG)

NYSE: FENG · Real-Time Price · USD

1.400

+0.050 (3.69%)

Nov 13, 2026, 4:00 PM EST - Market closed

Phoenix New Media Financials Overview

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

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	845.44	765.57	703.7	692.02	785.71	1,030
Revenue Growth	11.04%	8.79%	1.69%	-11.92%	-23.74%	-14.77%
Gross Profit	474.21	374.15	268.71	227.88	237.2	432.93
Operating Income	-13.89	-34.38	-64.72	-125.7	-191.44	-336.1
Net Income	10.78	0.34	-53.55	-102.5	-109.65	-205.7
Earnings Per Share	0.90	0.03	-4.46	-8.64	-9.12	-16.96
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Advertising Services	614.33	630.59	619.26	696.66	930.03
Paid Services	151.24	73.11	72.76	89.04	100.31
Total	765.57	703.7	692.02	785.71	1,030

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	931.73	1,002	1,036	1,086	1,146	1,498
Total Debt	33.93	43.32	56.67	69.44	104.59	45.85
Net Cash (Debt)	897.8	958.45	979.25	1,017	1,041	1,452
Net Cash Growth	-5.09%	-2.12%	-3.69%	-2.33%	-28.32%	-8.37%
Net Cash Per Share	74.75	79.80	81.49	83.82	85.80	119.70

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-	-2.67	-44.3	-60.83	-312.41	-142.82
Capital Expenditures	-	-13.05	-5.22	-9.72	-33.96	-16.83
Free Cash Flow	-	-15.71	-49.52	-70.54	-346.37	-159.66
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	56.09%	48.87%	38.19%	32.93%	30.19%	42.02%
Operating Margin	-1.64%	-4.49%	-9.20%	-18.16%	-24.37%	-32.62%
Pretax Margin	1.33%	1.11%	-6.86%	-13.89%	-24.96%	-24.51%
Profit Margin	1.28%	0.04%	-7.61%	-14.81%	-13.96%	-19.96%
FCF Margin	-	-2.05%	-7.04%	-10.19%	-44.08%	-15.50%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	10.46	417.54	-	-	-	-
Forward PE	-	31.83	31.83	31.83	31.83	31.83
PS Ratio	0.13	0.18	0.30	0.17	0.28	0.39