Phoenix New Media Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 21.6% year-over-year in Q1 2026, with paid services up 83% and gross margin rising to 53.5%. Operating losses narrowed, and strong content execution drove user engagement, especially in international news and tech. Q2 revenue is forecasted to increase further.
Fiscal Year 2025
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Revenue grew 1.9% year-on-year to CNY 222.0 million, with paid services up 41.6% and net income swinging to CNY 45.0 million from a loss. Outlook for Q1 2026 is cautious amid macroeconomic headwinds, with a focus on content innovation and AI-driven efficiency.
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Revenue grew 22.3% year-on-year to RMB 200.9 million, with paid services up 161.6% and net loss narrowing to RMB 4.9 million. Q4 guidance projects continued growth amid a competitive ad market and ongoing innovation focus.
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Revenue grew 11.2% year-on-year to RMB 187.1 million, with paid services up 148.5%. Despite a flat ad market and higher operating expenses, user engagement and international partnerships expanded, supporting a positive outlook for Q3 2025.
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Q1 2025 saw modest revenue growth and a surge in paid services, offset by a decline in advertising revenue and higher operating expenses. Content innovation and viral campaigns drove new partnerships, while Q2 guidance anticipates improved advertiser sentiment and higher revenues.
Fiscal Year 2024
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Year-on-year revenue grew 3% in Q4 2024, with paid services up 96.6% due to new digital reading offerings. Net advertising revenue declined, but content innovation and brand strength supported results. Cash reserves remain strong at RMB 1.05 billion.
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Revenue grew 7% year-over-year to CNY 164.3 million, with net advertising up 10.5% and gross margin rising to 37.9%. Operating and net losses narrowed, while Q4 guidance projects further revenue growth amid ongoing cost and market challenges.
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Q2 2024 saw stable operations, reduced losses, and improved gross margin despite a year-over-year revenue decline. Social media reach and international campaigns expanded, while guidance for Q3 reflects market uncertainties and a cautious outlook.