FENG on NYSE

Phoenix New Media Ltd

Phoenix New Media Ltd is a television broadcasting stations company, listed on NYSE (FENG).1

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Last updated Oct 20, 2026.

Overview

$185.3MRevenue, fiscal 20202
$56.0MNet income, fiscal 20202

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  • TickerFENG on NYSE1
  • IndustryTelevision Broadcasting Stations1
  • Business addressSinolight Plaza, Fl.16, No.4 Qiyang Rd.,, Wangjing, Chaoyang District, Beijing, 1001023
  • Filer categoryNon-accelerated filer3

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Phoenix TV registered the domain name phoenixtv.com for its corporate website in 1998. Tianying Jiuzhou began operating this website after its establishment in April 2000. As part of the reorganization before its initial public offering, in September 1999, Phoenix TV incorporated Phoenix Satellite Television Information Limited in the British Virgin Islands to be the holding company of its new media business.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

53.7%Gross margin2
-8.5%Operating margin2
30.2%Net margin2
-15.8%Revenue growth, 20202
22.3%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Net Advertising Services brought in 80% of the revenue Phoenix New Media Ltd broke down this way in fiscal 2025.

  1. Net Advertising Services614.3M CNY580%down 3% from 2024
  2. Paid Services Revenues From Paid Contents136.8M CNY518%up 194% from 2024
  3. Paid Services Revenues From E Commerce And Others14.5M CNY52%down 45% from 2024
Products and services by year
Products and services202320242025
Net Advertising Services619.3M CNY630.6M CNY614.3M CNY
Paid Services Revenues From Paid Contents34.9M CNY46.6M CNY136.8M CNY
Paid Services Revenues From E Commerce And Others37.8M CNY26.5M CNY14.5M CNY

Business segments

Net Advertising Services brought in 80% of the revenue Phoenix New Media Ltd broke down this way in fiscal 2025.

  1. Net Advertising Services614.3M CNY580%down 3% from 2024
  2. Paid Services151.2M CNY520%up 107% from 2024
Business segments by year
Business segments202320242025
Net Advertising Services619.3M CNY630.6M CNY614.3M CNY
Paid Services72.8M CNY73.1M CNY151.2M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Cost of revenue46¢$85.7M
  • Research and development14¢$26.4M
  • Other costs8¢$14.3M
  • Income tax2¢$2.9M
  • Profit30¢$56.0M

Out of $185.3M in revenue.2

Financial statements

Revenue678910112$185.3M in 2020−30% since 2014
0$100.0M$200.0M$300.0M2014: $264.0M$264.0M20142015: $248.4M$248.4M2015−6%2016: $208.1M$208.1M2016−16%2017: $242.1M$242.1M2017+16%2018: $200.3M$200.3M2018−17%2019: $219.9M$219.9M2019+10%2020: $185.3M$185.3M2020−16%
Gross profit678910112$99.5M in 2020−28% since 2014
0$50.0M$100.0M$150.0M2014: $138.0M$138.0M20142015: $120.4M$120.4M2015−13%2016: $103.4M$103.4M2016−14%2017: $130.3M$130.3M2017+26%2018: $113.6M$113.6M2018−13%2019: $109.6M$109.6M2019−4%2020: $99.5M$99.5M2020−9%
Operating income678910112-$15.7M in 2020
-$50.0M-$25.0M0$25.0M$50.0M2014: $38.3M$38.3M20142015: $12.2M$12.2M2015−68%2016: $5.1M$5.1M2016−58%2017: $2.3M$2.3M2017−55%2018: -$18.0M-$18.0M20182019: -$43.9M-$43.9M2019+143%2020: -$15.7M-$15.7M2020−64%
Net income678910112$56.0M in 2020+32% since 2014
-$50.0M0$50.0M$100.0M$150.0M2014: $42.4M$42.4M20142015: $11.4M$11.4M2015−73%2016: $11.6M$11.6M2016+2%2017: $5.3M$5.3M2017−54%2018: -$9.5M-$9.5M20182019: $104.0M$104.0M20192020: $56.0M$56.0M2020−46%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenues765.6M CNY703.7M CNY692.0M CNY
Cost of revenues-391.4M CNY-435.0M CNY-464.1M CNY
Gross profit374.1M CNY268.7M CNY227.9M CNY
Sales and marketing expenses-272.3M CNY-184.2M CNY-155.9M CNY
General and administrative expenses-71.6M CNY-78.4M CNY-115.0M CNY
Technology and product development expenses-64.6M CNY-70.8M CNY-82.7M CNY
Total operating expenses-408.5M CNY-333.4M CNY-353.6M CNY
Loss from operations-34.4M CNY-64.7M CNY-125.7M CNY
Interest income, net21.0M CNY32.4M CNY34.7M CNY
Foreign currency exchange (loss)/gain1.5M CNY-1.5M CNY-1.9M CNY
Loss from equity method investments, including impairment-3.9M CNY-16.0M CNY-11.1M CNY
Fair value changes in investments, net23.8M CNY604.0K CNY-440.0K CNY
Others, net528.0K CNY897.0K CNY8.4M CNY
(Loss)/income before income taxes8.5M CNY-48.3M CNY-96.1M CNY
Income tax expense-8.2M CNY-4.6M CNY-13.0M CNY
Net loss/(income) attributable to noncontrolling interests-29.0K CNY-608.0K CNY6.6M CNY
Net (loss)/income attributable to Phoenix New Media Limited336.0K CNY-53.6M CNY-102.5M CNY
Net (loss)/income365.0K CNY-52.9M CNY-109.1M CNY
Other comprehensive income/(loss), net of tax: foreign currency translation adjustment-4.5M CNY3.1M CNY5.0M CNY
Comprehensive loss-4.1M CNY-49.9M CNY-104.1M CNY
Comprehensive loss/(income) attributable to noncontrolling interests-29.0K CNY-608.0K CNY6.6M CNY
Comprehensive loss attributable to Phoenix New Media Limited-4.1M CNY-50.5M CNY-97.5M CNY
Net advertising revenues45.1M CNY41.2M CNY9.6M CNY
Paid services revenues1.2M CNY10.1M CNY18.1M CNY
Cost of revenues-52.7M CNY-49.5M CNY-50.9M CNY
Sales and marketing expenses-3.3M CNY-2.2M CNY-4.3M CNY
General and administrative expenses-4.3M CNY-5.1M CNY-6.5M CNY

Compare Phoenix New Media Ltd with another company

Corporate structure

Phoenix New Media Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Phoenix New Media Ltd

  • FIL Ltd Filed SC 13G/A on Phoenix New Media Ltd, latest Feb 9, 2023 (2 filings since Feb 9, 2022)
  • Phoenix New Media Ltd

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Leadership

Who has led Phoenix New Media Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yusheng Sun2026–now
Board members and other officers (6)

Timeline

  1. Mar 17, 2026New chief executive Yusheng Sun becomes CEO12

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

66 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 2 large holders, 50 other. The latest 20:

  1. Aug 11, 20266-K EDGAR
  2. May 22, 20263 EDGAR
  3. May 15, 20266-K EDGAR
  4. May 12, 20266-K EDGAR
  5. Apr 29, 202620-F EDGAR
  6. Mar 26, 20263 EDGAR
  7. Mar 26, 20263 EDGAR
  8. Mar 17, 20263 EDGAR
  9. Mar 17, 20263 EDGAR
  10. Mar 17, 20263 EDGAR
  11. Mar 17, 20263 EDGAR
  12. Mar 16, 20263 EDGAR
  13. Mar 16, 20263 EDGAR
  14. Mar 10, 20266-K EDGAR
  15. Nov 12, 20256-K EDGAR
  16. Nov 5, 20256-K EDGAR
  17. Oct 30, 20256-K EDGAR
  18. Sep 23, 20256-K EDGAR
  19. Aug 12, 20256-K EDGAR
  20. May 13, 20256-K EDGAR

The 66 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • FIL LtdSC 13G/A, 2 filings Feb 9, 2022 to Feb 9, 202318

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Morgan Stanley41,351$64.1K0.0%−4,800
Citadel Advisors LLC36,617$56.7K0.0%+1,581
Marex Group Ltd35,000$54.2K0.0%No change
UBS Group AG21,248$32.9K0.0%−303
Acadian Asset Management LLC48,774$720.0%No change
Citigroup Inc1$20.0%−376

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Phoenix New Media Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPhoenix New Media Ltd1
  • CIK0001509646
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)4833 Television Broadcasting Stations1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressSinolight Plaza, Fl.16, No.4 Qiyang Rd.,, Wangjing, Chaoyang District, Beijing, 100102, China1
  • Phone(86) 10 606760001
  • Shares outstanding259,191,877 Common Class A shares; 317,325,360 Common Class B shares as of Dec 31, 20254
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Beijing, the People’s Republic of China PCAOB ID 1424; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 21, 20111
  • Filings239 in all: 6-K (147), SC 13G/A (19), 20-F (15), SC 13G (12), 3 (9), CORRESP (8), UPLOAD (7), S-8 (6)1
    All 20 form types

    EFFECT (3), F-1/A (2), F-6 (2), 20-F/A (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CB (1), CERTNYS (1), F-1 (1), F-6 POS (1), F-X (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each representing forty-eightFENGNew York Stock Exchange
Class A ordinary shares, par value $0.01 per shareNew York Stock Exchange

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).4

Sources

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