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Phoenix New Media (FENG) investor relations material
Phoenix New Media Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 22.3% year-over-year revenue growth in Q3 2025, driven by strong gains in paid services and net advertising revenues.
Gross profit rose 53.6% year-over-year, with gross margin improving to 47.6% from 37.9% due to digital reading services.
Net loss attributable to shareholders narrowed significantly to RMB 4.9 million from RMB 18.5 million year-over-year.
Management remains focused on content innovation, brand influence, and operational efficiency for sustainable growth.
Financial highlights
Total revenues reached RMB 200.9 million (US$28.2 million), up 22.3% year-on-year from RMB 164.3 million.
Net advertising revenues were RMB 159.3 million, a 7.3% increase year-on-year.
Paid services revenues surged 161.6% year-on-year to RMB 41.6 million, with digital reading services up 279.2%.
Gross profit was RMB 95.7 million, gross margin at 47.6%.
Net loss per basic and diluted share was RMB 0.01, compared to RMB 0.03 a year ago.
Outlook and guidance
Q4 2025 total revenues forecasted between RMB 205.9 million and RMB 220.9 million.
Net advertising revenues projected at RMB 171.4–181.4 million; paid service revenues at RMB 34.5–39.5 million.
Guidance reflects current views and is subject to substantial macroeconomic uncertainties.
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