Phoenix New Media Limited (FENG)

Phoenix New Media Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	765.57	703.7	719.71	785.71	1,089
Revenue Growth (YoY)	8.79%	-2.23%	-8.40%	-27.84%	-9.92%
Cost of Revenue	391.42	434.99	515.06	548.51	621.9
Gross Profit	374.15	268.71	227.88	237.2	432.93
Selling, General & Admin	343.93	262.68	270.91	296.83	610.44
Research & Development	64.6	70.75	82.66	131.81	158.59
Total Operating Expenses	408.53	333.43	353.57	428.64	769.03
Operating Income	-34.38	-64.72	-125.7	-191.44	-336.1
Interest Income	17.11	16.44	23.55	23.22	47.71
Other Non-Operating Income (Expense)	25.79	-0.02	6.01	-27.89	35.91
Total Non-Operating Income (Expense)	42.9	16.42	29.56	-4.68	83.61
Pretax Income	8.52	-48.3	-96.14	-196.11	-252.49
Provision for Income Taxes	8.16	4.65	12.98	-70.39	20.58
Net Income	0.34	-53.55	-102.5	-109.65	-205.7
Minority Interest in Earnings	0.03	0.61	-6.62	-16.07	-67.37
Net Income to Common	0.34	-53.55	-102.5	-109.65	-205.7
Shares Outstanding (Basic)	12	12	12	582	582
Shares Outstanding (Diluted)	12	12	12	582	582
Shares Change (YoY)	-0.05%	-0.94%	-97.92%	-	-
EPS (Basic)	-	-4.32	-8.64	-0.19	-0.35
EPS (Diluted)	-	-4.32	-8.64	-0.19	-0.35
Shares Outstanding	12.01	12.01	12.09	582.32	582.32
Free Cash Flow	-2.67	-44.3	-60.83	-312.41	-142.82
Free Cash Flow Per Share	-0.22	-3.69	-5.01	-0.54	-0.25
Gross Margin	48.87%	38.19%	31.66%	30.19%	39.76%
Operating Margin	-4.49%	-9.20%	-17.46%	-24.36%	-30.86%
Profit Margin	0.05%	-7.52%	-15.16%	-16.00%	-25.08%
FCF Margin	-0.35%	-6.30%	-8.45%	-39.76%	-13.12%
EBITDA	-34.38	-64.72	-125.7	-191.44	-336.1
EBIT	-34.38	-64.72	-125.7	-191.44	-336.1
EBIT Margin	-4.49%	-9.20%	-17.46%	-24.36%	-30.86%
Effective Tax Rate	95.72%	-9.62%	-13.50%	35.89%	-8.15%

Updated Mar 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q