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Phoenix New Media Limited (FENG)
NYSE:FENG
Holding FENG?
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -6.32%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive aspects, including revenue growth, increased advertising revenue, and improved gross margin, alongside successful content strategies. However, challenges such as a decline in paid services revenue and ongoing net losses were also noted.Company Guidance
During the third quarter of 2024, Phoenix New Media reported a 7% year-over-year increase in total revenues, reaching RMB 164.3 million, with net advertising revenues rising by 10.5% to RMB 148.4 million. However, paid services revenues decreased to RMB 15.9 million from RMB 19.3 million in the previous year. The company improved its gross margin to 37.9% from 34.1% and reduced its operating loss to RMB 25.9 million from RMB 38.5 million due to stringent cost control measures. A significant achievement was the success of their media coverage during the Paris Olympics, which contributed to a total video view count of 160 million and helped secure over 10 client marketing campaigns in France. Looking ahead, Phoenix New Media forecasts Q4 total revenues to range between RMB 197.9 million and RMB 212.9 million, with net advertising revenues anticipated to be between RMB 180.2 million and RMB 190.2 million, and paid service revenues projected between RMB 17.7 million and RMB 22.7 million. The company continues to emphasize the alignment of content with client needs and aims to enhance cost efficiency amidst increasing project execution complexities.Revenue Growth
Total revenues for Q3 2024 were RMB 164.3 million, representing an increase of 7% from RMB 153.6 million in the same period of last year.
Advertising Revenue Increase
Net advertising revenues were RMB 148.4 million, an increase of 10.5% from RMB 134.3 million in the same period of last year.
Improved Gross Margin
Gross margin increased to 37.9% in Q3 2024 from 34.1% in the same period of last year.
Reduced Operating Loss
Loss from operations was RMB 25.9 million, an improvement from an operating loss of RMB 38.5 million in the same period of last year.
Successful Content Strategy
The company achieved a 160 million total video view count with over 90 million views on Douyin, indicating strong media presence and engagement.
Positive Business Outlook
Forecasted total revenues for Q4 2024 to be between RMB 197.9 million and RMB 212.9 million, indicating a positive outlook.
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FENG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FENG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.53 | $2.69 | +6.32% |
| Aug 13, 2024 | $3.40 | $3.40 | 0.00% |
| May 13, 2024 | $2.00 | $2.05 | +2.50% |
| Mar 12, 2024 | $1.94 | $1.88 | -3.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Phoenix New Media Limited (FENG) report earnings?
Phoenix New Media Limited (FENG) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is Phoenix New Media Limited (FENG) earnings time?
Phoenix New Media Limited (FENG) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FENG EPS forecast?
Currently, no data Available
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