FENG

MKT CAP:$432889

Phoenix New Media Limited

Market Cap

$432889

Communication Services·Internet Content & Information·🇨🇳 China·NYSE

Communication·Internet·🇨🇳·NYSE

Stock Price

$1.78+$0.07 (+4.39%)

Apr 23, 2026

Company Details

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through P...

CEO

Yusheng Sun

IPO Date

May 16, 2011

Website

www.ifeng.com

Key Metrics TTM

Revenue

$109M

+5.8% YoY

Net Income

$47.8K

EPS (Diluted)

$16.05

Free Cash Flow

$0

Revenue / Share

$434.87

Gross Margin

48.9%

Operating Margin

-4.5%

Net Margin

0.0%

FCF Margin

0.0%

P/S

0.0x

P/E

9.1x

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Dec 30, 2025

$109M+5.8%EPS $0.19

Q4 2025

Mar 10, 2026

$29M-7.6%EPS $26.02

Q3 2025

Nov 12, 2025

$29M+22.3%EPS -$2.88

Q2 2025

Aug 12, 2025

$27M+11.2%EPS -$6.73

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$53M	$27M	-$4M
Q1 21	$33M	$17M	-$6M
Q2 21	$38M	$17M	-$5M
Q3 21	$36M	$13M	-$30M
Q4 21	$44M	$15M	-$8M
Q1 22	$26M	$5M	-$16M
Q2 22	$28M	$7M	-$14M
Q1 23	$21M	$4M	-$11M
Q1 24	$22M	$6M	-$5M
Q2 24	$25M	$10M	-$1M
Q3 24	$24M	$9M	-$4M
Q4 24	$32M	$14M	$980.3K
Q1 25	$23M	$9M	-$6M
Q2 25	$27M	$13M	-$1M
Q3 25	$29M	$14M	-$2M
Q4 25	$29M	$17M	$4M

Valuation

Quarter	P/S	P/E
Q4 20	0.5x	1.7x
Q1 21	0.7x	2.2x
Q2 21	0.7x	1.9x
Q3 21	0.6x	2.3x
Q4 21	0.4x	—
Q1 22	0.3x	—
Q2 22	0.5x	—
Q1 23	0.2x	—
Q1 24	0.2x	—
Q2 24	0.3x	—
Q3 24	0.4x	—
Q4 24	0.3x	—
Q1 25	0.3x	—
Q2 25	0.2x	—
Q3 25	0.0x	—
Q4 25	0.0x	8.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	$0	$0
Q3 20	$0	$0
Q1 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	-23.1%	-30.7%
Q1 21	-17.7%	-31.4%
Q2 21	-17.8%	+1.7%
Q3 21	-19.3%	+36.1%
Q4 21	-16.4%	-9.0%
Q1 22	-22.4%	+5.3%
Q2 22	-25.4%	-1.7%
Q1 23	-40.2%	-51.0%
Q1 24	-49.5%	-46.8%
Q2 24	-4.0%	-37.2%
Q3 24	-14.3%	-33.6%
Q4 24	+49.0%	-4.2%
Q1 25	+1.5%	+2.1%
Q2 25	+11.2%	+9.7%
Q3 25	+22.3%	+12.6%
Q4 25	-7.6%	-16.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 23	$126.5K	0.6%
Q1 24	$194.9K	0.9%
Q2 24	$11.8K	0.0%
Q3 24	$4.8K	0.0%
Q4 24	$13.7K	0.0%
Q1 25	$0	0.0%
Q2 25	$1.0K	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	$6M	$10M	$11M	—
Q1 21	$6M	$8M	$9M	—
Q2 21	$6M	$7M	$10M	—
Q3 21	$6M	$28M	$9M	—
Q4 21	$6M	$5M	$12M	—
Q1 22	$5M	$7M	$9M	—
Q2 22	$6M	$8M	$8M	—
Q1 23	$4M	$5M	$6M	—
Q1 24	$3M	$4M	$5M	—
Q2 24	$3M	$2M	$6M	—
Q3 24	$3M	$4M	$6M	—
Q4 24	$3M	$1M	$9M	—
Q1 25	$2M	$3M	$9M	—
Q2 25	$2M	$2M	$10M	—
Q3 25	$2M	$3M	$11M	—
Q4 25	$2M	—	—	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2M	$30M	$33M
Q2 22	$2M	$27M	$29M
Q3 22	$2M	$21M	$23M
Q4 22	$2M	$22M	$24M
Q1 23	$2M	$22M	$24M
Q2 23	$3M	$19M	$22M
Q3 23	$14M	$137M	$150M
Q4 23	$77M	$82M	$159M
Q1 24	$66M	$84M	$150M
Q2 24	$57M	$87M	$144M
Q3 24	$58M	$83M	$141M
Q4 24	$89M	$63M	$151M
Q1 25	$93M	$49M	$142M
Q2 25	$107M	$35M	$143M
Q3 25	$71M	$74M	$145M
Q4 25	$81M	$68M	$149M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	12M	0.0%	0.0%
Q1 21	12M	0.0%	0.0%
Q2 21	12M	0.0%	0.0%
Q3 21	12M	0.0%	0.0%
Q4 21	12M	0.0%	0.0%
Q1 22	12M	0.0%	0.0%
Q2 22	12M	0.0%	0.0%
Q1 23	12M	0.0%	0.0%
Q1 24	12M	-0.8%	-0.8%
Q2 24	12M	-0.2%	-1.0%
Q3 24	12M	0.0%	-1.0%
Q4 24	12M	-0.8%	-1.8%
Q1 25	12M	+0.0%	-1.0%
Q2 25	250K	-97.9%	-97.9%
Q3 25	250K	0.0%	-97.9%
Q4 25	250K	0.0%	-97.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$53.3K	992
Q1 21	$33.3K	992
Q2 21	$37.8K	992
Q3 21	$36.0K	992
Q4 21	$35.6K	1K
Q1 22	$20.6K	1K
Q2 22	$22.5K	1K
Q1 23	$23.9K	893
Q1 24	$30.1K	743
Q2 24	$33.1K	743
Q3 24	$32.3K	743
Q4 24	$47.4K	672
Q1 25	$33.7K	672
Q2 25	$40.7K	672
Q3 25	$43.7K	672
Q4 25	$43.8K	672

Revenue / Employee