Earnings ·
Phoenix New Media reports Q3 revenue of RMB217.6M as paid services jump 64.4%
FENGPhoenix New Media Ltd
Phoenix New Media reported third-quarter 2026 total revenues of RMB217.6 million (US$32.5 million), an 8.3% increase from the prior-year period, driven by a 64.4% surge in paid services to RMB68.4 million. Net advertising revenue declined 6.3% to RMB149.2 million. Gross profit rose 31.0% to RMB125.4 million with gross margin expanding to 57.6%. The company posted a net loss of RMB24.3 million (US$3.6 million), compared to a RMB4.9 million loss in the same period last year, primarily due to losses from equity investments and fair value changes. Non-GAAP net loss narrowed significantly to RMB1.6 million. The company expects Q4 revenues between RMB236.7 million and RMB251.7 million. Phoenix New Media operates as a leading new media company in China, providing premium news and content across integrated internet platforms.