Quarterly ResultMay 12, 2026, 05:02 PM
Phoenix New Media Q1 Revenue +21.6% to RMB188.8M; Net Loss Reduced
AI Summary
Phoenix New Media Limited reported unaudited financial results for Q1 2026, showing a 21.6% increase in total revenues to RMB188.8 million, primarily driven by an 83.0% surge in paid services revenues. The company significantly improved its gross profit by 61.1% and reduced its net loss attributable to shareholders to RMB16.8 million from RMB29.7 million year-over-year. CEO Yusheng Sun highlighted continued expansion of audience reach and content impact, with a focus on content quality, IP portfolio, and operational efficiency for sustainable growth.
Key Highlights
- Total revenues increased by 21.6% to RMB188.8 million ($27.4 million) in Q1 2026.
- Net advertising revenues increased by 4.0% to RMB125.3 million ($18.2 million).
- Paid services revenues surged by 83.0% to RMB63.5 million ($9.2 million), driven by digital reading services.
- Gross profit increased by 61.1% to RMB101.0 million ($14.7 million), with gross margin rising to 53.5%.
- Net loss attributable to Phoenix New Media Limited decreased to RMB16.8 million ($2.4 million) from RMB29.7 million.
- Cash and cash equivalents, term deposits, and restricted cash totaled RMB955.8 million ($138.6 million) as of March 31, 2026.
- Q2 2026 total revenue guidance is between RMB195.7 million and RMB210.7 million.