Phoenix New Media Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	765.33	765.57	703.7	719.71	785.71	1,089
Revenue Growth (YoY)	8.42%	8.79%	-2.23%	-8.40%	-27.84%	-9.92%
Cost of Revenue	386.77	391.42	434.99	515.06	548.51	621.9
Gross Profit	412.4	374.15	268.71	227.88	237.2	432.93
Selling, General & Admin	375.7	343.93	262.68	270.91	296.83	610.44
Research & Development	62.64	64.6	70.75	82.66	131.81	158.59
Total Operating Expenses	438.34	408.53	333.43	353.57	428.64	769.03
Operating Income	-7.21	-34.38	-64.72	-125.7	-191.44	-336.1
Interest Income	16.87	17.11	16.44	23.55	23.22	47.71
Other Non-Operating Income (Expense)	31.33	25.79	-0.02	6.01	-27.89	35.91
Total Non-Operating Income (Expense)	48.2	42.9	16.42	29.56	-4.68	83.61
Pretax Income	22.27	8.52	-48.3	-96.14	-196.11	-252.49
Provision for Income Taxes	-2.56	8.16	4.65	12.98	-70.39	20.58
Net Income	12.22	0.37	-52.95	-109.12	-125.72	-273.07
Minority Interest in Earnings	0.73	0.03	0.61	-6.62	-16.07	-67.37
Net Income to Common	11.48	0.34	-53.55	-102.5	-109.65	-205.7
Shares Outstanding (Basic)	577	12	12	12	582	582
Shares Outstanding (Diluted)	577	12	12	12	582	582
Shares Change (YoY)	-	-0.05%	-0.94%	-97.92%	-	-
EPS (Basic)	0.02	-	-4.32	-8.64	-0.19	-0.35
EPS (Diluted)	0.02	-	-4.32	-8.64	-0.19	-0.35
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	53.89%	48.87%	38.19%	31.66%	30.19%	39.76%
Operating Margin	-0.94%	-4.49%	-9.20%	-17.46%	-24.36%	-30.86%
Profit Margin	1.60%	0.05%	-7.52%	-15.16%	-16.00%	-25.08%
FCF Margin	-	-0.35%	-6.30%	-8.45%	-39.76%	-13.12%
EBITDA	-7.21	-34.38	-64.72	-125.7	-191.44	-336.1
EBIT	-7.21	-34.38	-64.72	-125.7	-191.44	-336.1
EBIT Margin	-0.94%	-4.49%	-9.20%	-17.46%	-24.36%	-30.86%
Effective Tax Rate	-11.51%	95.72%	-9.62%	-13.50%	35.89%	-8.15%

SEC Filings: 10-K · 10-Q