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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.