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MARKETS / NYSE / FENG
NYSE · TELEVISION BROADCASTING STATIONS · SMALL CAP

Phoenix New Media Ltd. FENG

17 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 765.6M
▲ 8.8% YoY
CNY 365,000
CNY -15.7M
In brief

What this company does

It delivers content in multiple formats, such as articles, video, livestreaming, and digital reading products, through a portfolio of branded content programs. In 2025, it generated 80.2% of its total revenues from advertising and 19.8% from paid services. It had 743, 672, and 611 employees as of December 31, 2023, 2024, and 2025, respectively. As of December 31, 2025, it leased an aggregate of 7,262 square meters of office space in Beijing and 3,255 square meters of office space in other regions in China. The company originated from Phoenix TV, a Chinese-language television network based in Hong Kong.

Written from the business description in Phoenix New Media Ltd's annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 765.6M
Revenue, FY2025 · full 17-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 0.8 · Net income 0.0
0.8B1.6B-0.1B-0.2B200920112013201520172019202120232025
Compound annual growth
−0.9%
−8.7%
−7.2%
+2.5%
−74.9%
−41.1%
−72.6%
−33.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −8.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -4.5% · Net 0.0%
20%40%-10%-20%-30%200920112013201520172019202120232025
ROE
FY2025 · ROE 0.0%
10%20%-5%-10%-15%200920112013201520172019202120232025

Each CNY of equity produced 0 cents of profit this year.

Cash & shareholders
CNY 1.0M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -15.7
200M-200M200920112013201520172019202120232025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends 1.0 · Net buybacks —
250.0M500.0M20102012201420162020202220242025

CNY 1.0M in dividends — 274% of the year's profit, so the payout drew on cash built up earlier.

Total assetsCNY 1.6B
EquityCNY 1.2B
CashCNY 537.5M
Current ratio2.85×

Equity funds 71% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue CNY B0.80.70.70.81.01.21.31.41.61.41.61.61.41.11.00.50.3
Operating income CNY B−0.0−0.1−0.1−0.2−0.3−0.1−0.4−0.10.00.00.10.20.20.10.10.10.0
EBITDA CNY B−0.0−0.1−0.1−0.2−0.3−0.1−0.3−0.10.10.10.10.30.30.10.10.1·
Income tax CNY B0.00.00.0−0.10.00.10.00.00.00.00.00.00.00.00.00.00.0
Net income CNY B0.0−0.1−0.1−0.1−0.30.40.7−0.10.00.10.10.30.30.10.10.10.0
Free cash flow CNY B−0.0−0.0−0.1−0.3−0.2−0.1−0.4−0.10.10.20.20.20.30.00.00.1−0.0
EPS, diluted CNY ··············−1.30−0.51−0.10
Dividend / sh CNY ·················
Payout %274−2·−0−117797··········
ROE %0.0−4.4−8.6−9.2−17.814.722.6−2.31.54.14.216.019.08.016.9·2.1

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 26 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelevision Broadcasting Stations
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
Data on record since2009

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