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Stocks · Communication · Television Broadcasting Stations

Phoenix New Media Ltd

FENG Clue Score35
CIK 0001509646
$1.41 -3.45% Close, 13 Oct 2026
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Price $1.41 +10.16% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 14 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,444.9Operating income35.4Net income80.6Fiscal year 2017Revenue1,575.1 +9.0%Operating income15.0Net income34.4 −57.3%Fiscal year 2018Revenue1,376.3 −12.6%Operating income−123.7Net income−65.6 −290.6%Fiscal year 2019Revenue1,327.8 −3.5%Operating income−356.1Net income724.0Fiscal year 2020Revenue1,208.8 −9.0%Operating income−102.6Net income365.3 −49.5%Fiscal year 2021Revenue1,030.3 −14.8%Operating income−336.1Net income−273.1 −174.8%Fiscal year 2022Revenue785.7 −23.7%Operating income−191.4Net income−125.7Fiscal year 2023Revenue692.0 −11.9%Operating income−125.7Net income−109.1Fiscal year 2024Revenue703.7 +1.7%Operating income−64.7Net income−52.9Fiscal year 2025Revenue765.6 +8.8%Operating income−34.4Net income0.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,444.9 1,575.1 1,376.3 1,327.8 1,208.8 1,030.3 785.7 692.0 703.7 765.6
Growth +9.0% −12.6% −3.5% −9.0% −14.8% −23.7% −11.9% +1.7% +8.8%
Operating income 35.4 15.0 −123.7 −356.1 −102.6 −336.1 −191.4 −125.7 −64.7 −34.4
Net income 80.6 34.4 −65.6 724.0 365.3 −273.1 −125.7 −109.1 −52.9 0.4
Growth −57.3% −290.6% −49.5% −174.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin49.7%Operating margin2.4%Net margin5.6%Free cash flow margin12.1%Fiscal year 2017Gross margin53.8%Operating margin1.0%Net margin2.2%Free cash flow margin9.2%Fiscal year 2018Gross margin56.7%Operating margin−9.0%Net margin−4.8%Free cash flow margin−9.6%Fiscal year 2019Gross margin48.5%Operating margin−26.8%Net margin54.5%Free cash flow margin−29.2%Fiscal year 2020Gross margin53.7%Operating margin−8.5%Net margin30.2%Free cash flow margin−9.5%Fiscal year 2021Gross margin42.0%Operating margin−32.6%Net margin−26.5%Free cash flow margin−15.5%Fiscal year 2022Gross margin30.2%Operating margin−24.4%Net margin−16.0%Free cash flow margin−44.1%Fiscal year 2023Gross margin32.9%Operating margin−18.2%Net margin−15.8%Free cash flow margin−10.2%Fiscal year 2024Gross margin38.2%Operating margin−9.2%Net margin−7.5%Free cash flow margin−7.0%Fiscal year 2025Gross margin48.9%Operating margin−4.5%Net margin0.0%Free cash flow margin−2.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.7% 53.8% 56.7% 48.5% 53.7% 42.0% 30.2% 32.9% 38.2% 48.9%
Operating margin 2.4% 1.0% −9.0% −26.8% −8.5% −32.6% −24.4% −18.2% −9.2% −4.5%
Net margin 5.6% 2.2% −4.8% 54.5% 30.2% −26.5% −16.0% −15.8% −7.5% 0.0%
Free cash flow margin 12.1% 9.2% −9.6% −29.2% −9.5% −15.5% −44.1% −10.2% −7.0% −2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow203.7Capital expenditure−29.3Free cash flow174.4Buybacks0.0Fiscal year 2017Operating cash flow173.0Capital expenditure−27.8Free cash flow145.2 −16.8%Fiscal year 2018Operating cash flow−76.8Capital expenditure−56.0Free cash flow−132.8 −191.5%Fiscal year 2019Operating cash flow−330.3Capital expenditure−57.9Free cash flow−388.2Dividends paid−703.1Fiscal year 2020Operating cash flow−103.1Capital expenditure−12.1Free cash flow−115.2Dividends paid−645.2Fiscal year 2021Operating cash flow−142.8Capital expenditure−16.8Free cash flow−159.7Dividends paid−3.5Fiscal year 2022Operating cash flow−312.4Capital expenditure−34.0Free cash flow−346.4Dividends paid0.0Fiscal year 2023Operating cash flow−60.8Capital expenditure−9.7Free cash flow−70.5Buybacks−0.7Fiscal year 2024Operating cash flow−44.3Capital expenditure−5.2Free cash flow−49.5Buybacks−0.8Dividends paid−1.1Fiscal year 2025Operating cash flow−2.7Capital expenditure−13.0Free cash flow−15.7Dividends paid−1.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 203.7 173.0 −76.8 −330.3 −103.1 −142.8 −312.4 −60.8 −44.3 −2.7
Capital expenditure −29.3 −27.8 −56.0 −57.9 −12.1 −16.8 −34.0 −9.7 −5.2 −13.0
Free cash flow 174.4 145.2 −132.8 −388.2 −115.2 −159.7 −346.4 −70.5 −49.5 −15.7
Growth −16.8% −191.5%
Buybacks 0.0 n/a n/a n/a n/a n/a n/a −0.7 −0.8 n/a
Dividends paid n/a n/a n/a −703.1 −645.2 −3.5 0.0 n/a −1.1 −1.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2016Cash and securities202.7Shareholders’ equity2,165.8Fiscal year 2017Cash and securities1,559.2Shareholders’ equity2,507.5Fiscal year 2018Cash and securities2,122.6Shareholders’ equity3,079.7Fiscal year 2019Cash and securities2,325.4Shareholders’ equity3,331.8Fiscal year 2020Cash and securities394.5Shareholders’ equity1,635.7Fiscal year 2021Cash and securities218.4Shareholders’ equity1,427.4Fiscal year 2022Cash and securities96.3Shareholders’ equity1,319.4Fiscal year 2023Cash and securities527.7Shareholders’ equity1,225.0Fiscal year 2024Cash and securities607.9Shareholders’ equity1,175.3Fiscal year 2025Cash and securities537.9Shareholders’ equity1,171.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 202.7 1,559.2 2,122.6 2,325.4 394.5 218.4 96.3 527.7 607.9 537.9
Shareholders’ equity 2,165.8 2,507.5 3,079.7 3,331.8 1,635.7 1,427.4 1,319.4 1,225.0 1,175.3 1,171.1

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,444.9 1,575.1 1,376.3 1,327.8 1,208.8 1,030.3 785.7 692.0 703.7 765.6
Growth +9.0% −12.6% −3.5% −9.0% −14.8% −23.7% −11.9% +1.7% +8.8%
726.8 727.2 595.8 683.3 559.3 597.4 548.5 464.1 435.0 391.4
718.1 847.9 780.4 644.5 649.6 432.9 237.2 227.9 268.7 374.1
Growth +18.1% −8.0% −17.4% +0.8% −33.3% −45.2% −3.9% +17.9% +39.2%
161.9 192.3 204.7 216.7 172.0 158.6 131.8 82.7 70.8 64.6
181.7 146.9 162.4 242.0 277.9 334.2 91.8 115.0 78.4 71.6
35.4 15.0 −123.7 −356.1 −102.6 −336.1 −191.4 −125.7 −64.7 −34.4
Growth −57.6% −925.5%
92.3 49.2 −45.2 691.7 543.2 −252.5 −196.1 −96.1 −48.3 8.5
14.1 14.8 20.1 22.0 115.6 20.6 −70.4 13.0 4.6 8.2
80.6 34.4 −65.6 724.0 365.3 −273.1 −125.7 −109.1 −52.9 0.4
Growth −57.3% −290.6% −49.5% −174.8%

Shown in CNY as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 8.7% a year over five years.
  • Operating margin is up 4.0 points on five years ago, at -4.5%.
  • A net loss in 5 of 10 years on file.