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Phoenix New Media Limited (FENG)

  • Wed, Apr. 8, 12:18 PM
    • China's Phoenix New Media (FENG +10.2%) says its CMO, Ling Jin, has resigned effective immediately.
    • She'll work with the company until June 30 to enable a transtiion to a new chief marketing officer. She has agreed to remain beyond that, as a senior strategic adviser to the firm for another year, until June 30, 2016.
    • The company also promoted Andy Jin Xu to senior VP in charge of ad sales, marketing and branding activities.
    • Previously, Xu was managing director at J. Walter Thompson and CEO of LINTAS China.
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  • Mon, Mar. 9, 7:39 PM
    • Phoenix New Media (NYSE:FENG) posted in-line earnings in dollar terms ($0.13/share) on revenue that fell just short of expectations. Gross profit rose 7.1% to $37.2M.
    • Revenue breakouts: Net advertising revenues, $54.6M (up 28.3%); Paid service revenues, $16M (down 27%).
    • Adjusted gross margin was 53.9%, down from 54.6% the prior year.
    • "We also saw very solid progress in terms of mobile monetization as evidenced by our mobile advertisement revenues growing by 113%," says CEO Shuang Liu.
    • The company wrapped up a $50M ADS repurchase program last month.
    • The company guided to Q1 revenues of 359M-379M yuan ($57.3M-$60.5M, vs. an expected $66.4M), with net advertising revenues from 269M-279M yuan ($42.9M-$44.5M) and paid service revenues from 90M-100M yuan ($14.4M-$15.95M).
    • In personnel news, CTO Jiarui Richard Tong resigned for personal reasons.
    • Conference call at 9 p.m. ET.
    • Press release
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  • Mon, Mar. 9, 5:24 PM
    • Phoenix New Media (NYSE:FENG): Q4 EPS of RMB0.84 beats by RMB0.02.
    • Revenue of RMB438.1M (+9.5% Y/Y) misses by RMB13.96M.
    • Press Release
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  • Mon, Jan. 26, 12:46 PM
  • Nov. 13, 2014, 5:14 PM
    • Phoenix New Media (NYSE:FENG): Q3 EPS of RMB1.21 beats by RMB0.22.
    • Revenue of RMB431.8M (+14.0% Y/Y) beats by RMB12M.
    • Press Release
    | 1 Comment
  • Aug. 11, 2014, 5:29 PM
    • Phoenix New Media (NYSE:FENG): Q2 EPS of RMB1.19 beats by RMB0.01.
    • Revenue of RMB410.9M (+12.8% Y/Y) misses by RMB5.6M.
    • Press Release
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  • May. 12, 2014, 6:15 PM
    • Phoenix New Media (FENG): Q1 EPS of RMB0.73 beats by RMB0.11.
    • Revenue of RMB357.1M (+26.9% Y/Y) beats by RMB5.63M.
    • Press Release
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  • Feb. 25, 2014, 5:54 PM
    • Phoenix New Media Limited (FENG): Q4 EPS of RMB1.19 beats by RMB0.41.
    • Revenue of RMB400.1M beats by RMB24.31M.
    • Press Release
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  • Feb. 25, 2014, 5:41 PM
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  • Oct. 28, 2013, 12:46 PM
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  • May. 15, 2013, 6:20 AM
    Phoenix New Media (FENG): Q1 EPS of $0.01 misses by $0.04. Revenue of $45.3M misses by $0.18M. (PR)
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  • Mar. 6, 2013, 4:59 PM
    Phoenix New Media (FENG): Q4 EPS of $0.05 beats by $0.03. Revenue of $48.5M (+7.8% Y/Y) beats by $1.5M. (PR)
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  • Nov. 20, 2012, 4:35 PM
    Phoenix New Media (FENG): Q3 EPS of $0.09 beats by $0.06. Revenue of $45.6M (+5.8% Y/Y) beats by $1.3M. (PR)
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  • Oct. 10, 2011, 1:51 PM
    China's "Great Firewall" has been intermittently blocking Google's (GOOG +3.6%) Android Market over the last three days, as well as its mobile Gmail app. Google shares don't appear to be affected by the news, but Chinese mobile data services provider Phoenix New Media (FENG -13.8%) is a much different story.
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  • Aug. 18, 2011, 12:51 PM
    Chinese content service provider Phoenix New Media (FENG -13.9%) is getting hit today after reporting Q2 earnings that largely beat estimates, but operating costs doubled on soaring marketing and compensation expenses.
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  • Jun. 24, 2011, 5:03 PM
    Shares of Phoenix New Media (FENG) finish the day -10.3% to $8.00. Possibly a reaction to Wednesday afternoon's earnings announcement, though ADRs are down almost 46% since launching in mid-May.
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Company Description
Phoenix New Media Ltd is a new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China.