Phoenix New Media LtdFENG
What Phoenix New Media Ltd does.
We are a leading new media company in China, providing premium content through an integrated Internet platform accessible across devices, including PCs and mobile devices. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, we enable users to access professional news and other high-quality information through their preferred channels. Our content offering spans a broad range of categories, including news, military affairs, technology, finance, entertainment, and lifestyle-related topics. We deliver content in multiple formats, such as articles, video, livestreaming, and digital reading products, supported by a diversified portfolio of branded content programs. Our main content distribution channels include our PC websites, mobile applications, mobile Internet websites, and third-party platform accounts. Through this multi-channel distribution strategy, we are able to reach a broad and diverse user base. The appeal of our brand is further enhanced by its affiliation with the “Phoenix” (“鳳凰”) brand of Phoenix TV.
In 2025, we generated revenues from advertising and paid services, which accounted for 80.2% and 19.8% of our total revenues, respectively. Building on our core competencies in content production, professional journalism, and technology, we continue to deliver value to our advertising clients.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $785.7M | $692.0M | $703.7M | $765.6M |
| Net income | $380.4M | -$340.4M | -$109.7M | -$102.5M | -$53.6M | $336,000 |
| Free cash flow | -$115.2M | -$159.7M | -$346.4M | -$70.5M | -$49.5M | -$15.7M |
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Figures from Phoenix New Media Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.