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Phoenix New Media Newsroom
Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Down Over 3% for Week
Phoenix New Media Limited (FENG) Q3 2024 Earnings Call Transcript Summary
Phoenix New Media (FENG.US) will release its financial report after the market closes on November 12.
$Phoenix New Media (FENG.US)$ will release its financial report after the market closes on November 12th, investors please take note. How has the previous performance been? $Phoenix New Media (FENG.US)$ had revenue of 0.168318 billion RMB and net income of -4.291 million RMB, with an eps of -0.48 RMB in 2024 Q2. In 2023 Q3, the revenue was 0.153608 billion RMB, net income was -21.547 million RMB, and eps was -1.92 RMB. The above data is based on US GAAP accounting standards. Futubull reminder: 1. Hong Kong and US stocks.
Phoenix New Media: Q3 Earnings Snapshot
Phoenix Media Investment Subsidiary Phoenix New Media Narrows Loss in Q3
Phoenix TV (02008.HK): Phoenix New Media's total revenue in the third quarter was 0.164 billion yuan, a year-on-year increase of 7.0%.
November 13th, Kelon.com: Phoenix TV (02008.HK) announced that Phoenix New Media's total revenue for the third quarter of 2024 was RMB 0.1643 billion (approximately USD 23.4 million), a 7.0% increase from RMB 0.1536 billion in the same period of 2023, mainly due to the year-on-year growth in advertising revenue. The net advertising revenue for the third quarter of 2024 was RMB 0.1484 billion (approximately USD 21.1 million), a 10.5% increase from RMB 0.1343 billion in the same period of 2023. Phoenix New Media's gross profit in the third quarter of 2024 increased from the same period in 2023.
Phoenix New Media Expected Q4 2024 Revenue: RMB 197.9 - 212.9 Million.
Phoenix New Media Sees Revenue Growth Amid Challenges
Phoenix New Media | 6-K: Report of foreign private issuer (related to financial reporting)
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Phoenix New Media to Announce Third Quarter 2024 Financial Results on Tuesday, November 12, 2024
Asian Equities Traded in the US as American Depositary Receipts Sharply Lower in Thursday Trading
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
Express News | Iqiyi responds to the issue of the blurring of popular science videos in movies and TV shows: If there is a problem, it will definitely be addressed.
US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
US stock market outlook: Three major futures indexes narrowed their pre-market declines, with most Chinese concept stocks weakening; Goldman Sachs is once again 'rooting' for the S&P! US stocks will see a big rise at the end of the year.
The Fed leads the way! The global rate cut pace is beginning to accelerate significantly; ongoing strikes at US ports lead to a sudden increase in inflation risks; Berkshire Hathaway plans to issue yen bonds for the second time this year, analysts say Buffett may be eyeing financial and shipping stocks.
Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
Express News | The People's Bank of China: We need to speed up the introduction of financial increment policy measures files, and implement and implement each policy measure one by one.
Express News | The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting the Entry of Medium to Long-term Funds into the Market".
Last night, Goldman Sachs' phone lines were jammed! Goldman Sachs answered the five most important questions from customers regarding the explosion of assets in China.
Goldman Sachs indicated that their buy volume in Hong Kong stocks and A-shares is 1.87 times, with buying mainly concentrated in Hong Kong.