Earnings ·
Phoenix New Media reported second quarter 2026 unaudited financial results for the period ended June 30, 2026
FENGPhoenix New Media Ltd
Phoenix New Media reported second quarter 2026 unaudited financial results for the period ended June 30, 2026. Total revenues increased 15.8% to RMB216.7 million (US$31.9 million), driven by a 106.5% surge in paid services revenues to RMB69.8 million, which offset a 4.2% decline in net advertising revenues to RMB146.9 million. Gross profit rose 34.9% to RMB124.1 million with gross margin expanding to 57.3%. The company reported a net income of RMB6.5 million (US$1.0 million), reversing a net loss of RMB10.4 million in the prior year period. Management provided third quarter revenue guidance between RMB220.9 million and RMB235.9 million. Phoenix New Media Limited operates as a leading new media company in China, providing premium content through integrated internet platforms including news, digital reading, and mobile applications.