Phoenix New Media Ltd Stock Price, News & Analysis

Phoenix New Media Limited (NYSE: FENG) announced its plan to release third quarter 2021 financial results on November 15, 2021, after market close. A conference call will follow at 8:00 p.m. ET to discuss the results and operating performance. Participants must preregister online to receive dial-in details due to COVID-19 restrictions. A replay will be available until November 23, 2021.

For more information, visit their investor relations website.

Phoenix New Media Limited (NYSE: FENG) announced a new program resource license agreement with its parent company, Phoenix Satellite Television Holdings Limited, effective from August 24, 2021. The agreement grants Phoenix New Media exclusive rights to broadcast video content from three Phoenix TV channels in Mainland China for a fee of RMB45 million annually over three years. This replaces a previous agreement dated January 15, 2020, solidifying its digital content access strategy in a competitive media landscape.

Phoenix New Media (NYSE: FENG) reported a 17.8% decline in total revenues to RMB256.7 million ($39.8 million) for Q2 2021, impacted by a 18.6% drop in net advertising revenues. However, revenues increased 13.5% sequentially from Q1 2021. Gross profit fell 36.2% to RMB119.7 million, with a gross margin decline to 46.6%. The company reported a loss from operations of RMB34.8 million, compared to a profit last year. Looking ahead, FENG expects Q3 revenues between RMB257.9 million and RMB282.9 million as it navigates ongoing market challenges.

Phoenix New Media Limited (NYSE: FENG) held its 2021 annual general meeting of shareholders on August 12, 2021. All proposed resolutions were passed, including the election of Mr. Yusheng Sun as a director following Mr. Keung Chui's retirement. The company expressed gratitude to its shareholders for their continued support. Phoenix New Media is a leading new media company in China, providing premium content through its integrated internet platform across PC and mobile channels.

Phoenix New Media Limited (NYSE: FENG) will report its Q2 2021 financial results on August 16, 2021, after market close. A conference call will follow at 9:00 p.m. ET the same day. Participants need to preregister for dial-in numbers. The call will be available live and archived on the company's investor relations website. Phoenix New Media is a leading new media company in China, providing integrated content across various platforms, enabling users to access quality news and user-generated content.

Phoenix New Media Limited (NYSE: FENG) will hold its annual general meeting on August 12, 2021, at 2:00 p.m. in Beijing. Shareholders recorded as of July 12, 2021, can vote. The Board proposes the election of Yusheng Sun as a director and the chairman, succeeding Keung Chui. Mr. Sun brings over 30 years of experience from China Central Television and is well-respected in the media industry. The notice of the meeting, including details on resolutions for approval, is available on the Company’s website.

Phoenix New Media (FENG) reported a 2.3% decline in total revenues to RMB226.1 million (US$34.5 million) for Q1 2021, primarily driven by a 3.5% drop in net advertising revenues. Paid services revenues saw a 9.3% increase, partially offsetting the advertising decline. Gross profit decreased by 6.4% with a gross margin of 52.2%. Operating losses narrowed to RMB41.9 million (US$6.4 million), improving the operating margin to negative 18.6%. The company anticipates Q2 2021 revenues between RMB263.8 million and RMB283.8 million.

Phoenix New Media Limited (NYSE: FENG) is set to report its first quarter 2021 financial results on May 10, 2021, after market close. The earnings report will be accessible on the company's investor relations website. Additionally, a conference call is scheduled for the same day at 9:00 p.m. ET to discuss the financial outcomes and operational performance. Due to COVID-19, participants must preregister online to receive dial-in details. A replay of the call will be available until May 19, 2021, with various access numbers provided for different regions.

Phoenix New Media Limited (NYSE: FENG) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 28, 2021. The report provides detailed audited consolidated financial statements and is available for shareholders upon request. The company operates a leading integrated Internet platform in China, offering premium content and user-generated information via its PC and mobile channels.