Phoenix New Media Ltd (FENG) Form 6-K — Aug 11, 2026
Phoenix New Media (NYSE: FENG) reported unaudited second quarter 2026 results with total revenues rising 15.8% year-over-year to RMB216.7 million (US$31.9 million). Growth was driven by paid services revenues, which more than doubled (+106.5%) to RMB69.8 million on digital reading services offered through mini-programs on third-party applications, while net advertising revenues declined 4.2% to RMB146.9 million. Gross margin expanded to 57.3% from 49.2% a year earlier. The company swung to GAAP net income of RMB6.5 million (US$1.0 million) from a net loss of RMB10.4 million in the prior-year quarter, and its non-GAAP net loss narrowed to RMB1.1 million.
Key figures
- Eps
- RMB0.54 (US$0.08) per basic and diluted ADS
- Revenue
- RMB216.7 million (US$31.9 million)
- Guidance
- Q3 2026 total revenues of RMB220.9-235.9 million; net advertising revenues of RMB151.9-161.9 million; paid services revenues of RMB69.0-74.0 million
- Net Income
- RMB6.5 million (US$1.0 million)
- Revenue Yoy
- 15.8%
- Cash Position
- RMB990.0 million (US$145.9 million) in cash, cash equivalents, term deposits, short-term investments and restricted cash
- Shares Outstanding
- 576517237
- Gross Margin
- 57.3% vs 49.2% in the year-ago quarter
- Total Assets
- RMB1,607.3 million (US$236.9 million)
- Non Gaa PNet Loss
- RMB1.1 million (US$0.2 million)
- Loss From Operations
- RMB5.3 million (US$0.8 million)
- Non Gaa PNet Loss Per Ad
- RMB0.09 (US$0.01)
- Paid Contents Revenue
- RMB65.8 million (US$9.7 million), +114.3% YoY
- Paid Services Revenue
- RMB69.8 million (US$10.3 million), +106.5% YoY
- Net Advertising Revenue
- RMB146.9 million (US$21.6 million), -4.2% YoY
- Total Operating Expenses
- RMB129.4 million (US$19.1 million), +30.4% YoY
AI analysis
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