Phoenix New Media (FENG) Financial Statements & Analysis

Phoenix New Media (FENG) Income Statement

Phoenix New Media reported revenue of CNY 765.57M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 8.8% from CNY 703.70M a year earlier. Net income was CNY 336.00K, a net margin of 0.00%. Gross margin was 48.9% and operating margin -4.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 216.73M, up 15.8% from the same quarter a year earlier.

Phoenix New Media Income Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Phoenix New Media Limited income statement - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	0.77	0.70	0.69	0.79	1.03	1.21	1.33	1.38	1.58
Cost of Revenue	0.39	0.43	0.46	0.55	0.60	0.58	0.68	0.60	0.73
Gross Profit	0.37	0.27	0.23	0.24	0.43	0.63	0.64	0.78	0.85
Operating Expenses
Research & Development	0.06	0.07	0.08	0.13	0.16	0.17	0.22	0.20	0.19
Selling, General & Administrative	0.34	0.26	0.27	0.30	0.61	0.56	0.78	0.70	0.64
Operating Expenses	0.41	0.33	0.35	0.43	0.77	0.73	1.00	0.90	0.83
Operating Income	-0.03	-0.06	-0.13	-0.19	-0.34	-0.10	-0.36	-0.12	0.01
Other Income/Expense
Interest Income	0.02	0.03	0.02	0.03	0.05	0.04	0.02	0.05	0.05
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02
Other Income/Expense	0.04	-0.02	0.03	0.06	0.08	0.65	1.05	0.08	0.03
Income
Income Before Tax	0.01	-0.05	-0.10	-0.13	-0.25	0.54	0.69	-0.05	0.05
Income Tax Expense	0.01	0.00	0.01	-0.01	0.02	0.12	0.02	0.02	0.01
Net Income	0.00	-0.05	-0.10	-0.11	-0.21	0.38	0.73	-0.06	0.04
Net Income - Continuous Operations	0.00	-0.05	-0.10	-0.11	-0.21	0.38	0.73	-0.06	0.04
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-0.02	-0.03	-0.10	-0.08	-0.19	-0.07	-0.31	-0.09	0.05
EBIT	-0.03	-0.06	-0.13	-0.19	-0.34	-0.10	-	-	-
Depreciation & Amortization	0.01	0.03	0.02	0.05	0.07	0.04	0.05	0.03	0.04
Earnings Per Share
Basic EPS	-	-4.00	-8.00	-64.00	-126.00	240.00	380.00	-38.00	24.00
Diluted EPS	-	-4.00	-9.00	-64.00	-126.00	240.00	380.00	-38.00	21.00
Basic Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Diluted Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Phoenix New Media Financial Statements

What was Phoenix New Media's revenue in fiscal 2025?

Phoenix New Media reported revenue of CNY 765.57M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.8% from CNY 703.70M a year earlier.

Is Phoenix New Media profitable?

Yes. Phoenix New Media earned net income of CNY 336.00K in fiscal 2025, a net margin of 0.00%. In fiscal 2024 it lost CNY 53.55M.

What is Phoenix New Media's operating margin?

Phoenix New Media's operating income was −CNY 34.38M on revenue of CNY 765.57M in fiscal 2025, an operating margin of -4.5%, compared with -9.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition