Welcome to our dedicated page for Phoenix New Media American Depositary Shares (each representing forty-eight (48) news (Ticker: FENG), a resource for investors and traders seeking the latest updates and insights on Phoenix New Media American Depositary Shares (each representing forty-eight (48) stock.
Phoenix New Media Limited (NYSE: FENG) is a leading cross-platform new media company in China. The company integrates its comprehensive portal ifeng.com, mobile website (3g.ifeng.com), mobile applications, and Phoenix Video (v.ifeng.com) to provide seamless high-quality content and services across the Internet, mobile channels, and TV. Adhering to the media philosophy of 'Chinese sentiment, global vision, inclusiveness and openness, and progressive strength', Phoenix New Media caters to mainstream Chinese users with a wide range of premium content and services.
Phoenix New Media is not only a robust distribution channel for Phoenix TV Media Group's premium television content but also integrates content from various professional media organizations, user-generated content, and self-produced content. The company offers a comprehensive array of news information, in-depth reports, commentary, financial products, interactive applications, social sharing communities, online web games, and more, satisfying the diverse and personalized needs of users for browsing, expression, communication, sharing, entertainment, and financial management. This unique combination forms an innovative multi-platform communication model that extends to Phoenix TV's television platform.
With daily page views of 789 million and a daily user coverage (UV) of approximately 46 million, Phoenix New Media also reaches nearly 300 million monthly users. Its mobile site and applications have a cumulative daily coverage of 27.5 million mobile users. According to an iResearch report in 2013, Phoenix New Media's users rank highest in terms of monthly income, household economic status, education level, the proportion of management and professional personnel, pages viewed per user, and average daily effective browsing time among Chinese internet portal websites.
Phoenix New Media's core strength lies in its precise audience targeting, content insight, platform integration, and brand influence, providing advertisers with efficient marketing ROI (4i for ROI). The company continues to lead the synergistic transmission of internet, mobile internet, and television, driving innovation in media for the 3G/4G era.
On September 27, 2023, Phoenix New Media announced a new share repurchase program approved by its board of directors. The program allows the repurchase of up to US$2 million worth of its outstanding American depositary shares (ADSs) over five months. The repurchases will be funded from the company's existing cash balance and can be executed in open market transactions, privately negotiated transactions, block trades, or any combination of these methods, in compliance with relevant U.S. securities laws and the company's trading policy.
Phoenix New Media Ltd generates most of its revenue from net advertising services and paid services, including mobile value-added services, games, and content sales.
Phoenix New Media Limited (NYSE: FENG) reported its unaudited financial results for Q4 and FY 2020, showing total revenues of RMB362.2 million, a decrease of 9.5% year-over-year, impacted by COVID-19. Net advertising revenues fell by 7.3% to RMB336.7 million. The company achieved net income from continuing operations of RMB454.8 million but saw a significant decrease from RMB902.5 million in Q4 2019. Total operating expenses dropped by 33.7%, reflecting strict cost control. Looking ahead, total revenues for Q1 2021 are expected between RMB210.2 million and RMB230.2 million.
Phoenix New Media Limited (NYSE: FENG) will announce its fourth quarter and fiscal year 2020 financial results on March 15, 2021, after market close. The earnings release will be accessible via the company's investor relations website. Following the announcement, a conference call is scheduled for 9:00 p.m. ET on the same day, with preregistration required due to COVID-19 restrictions. Participants can access the webcast and replay until March 23, 2021.
Phoenix New Media Limited (NYSE: FENG) announced on December 8, 2020, amendments to its trademark license agreements with Phoenix Satellite Television Holdings Limited, extending the agreements' terms to December 7, 2023. The amendments cover additional trademarks, including the double-phoenix logo and variations of the company name. Other terms of the 2017 agreements remain unchanged. Phoenix New Media specializes in premium content delivery across PC and mobile platforms in China, leveraging partnerships with telecom operators for mobile value-added services.
Phoenix New Media (NYSE: FENG) declared a special cash dividend of US$0.1714 per ordinary share, totaling approximately US$100 million, payable on December 22, 2020. The record date for this dividend is December 4, 2020. ADS holders will receive US$1.3512 per ADS after deductions. Additionally, the Board approved US$8.98 million in special cash compensation for option holders. This reflects the company's ongoing commitment to delivering shareholder value.
Phoenix New Media (NYSE: FENG) reported third quarter 2020 revenues of RMB303.0 million (US$44.6 million), a decline of 10.9% from the previous year, primarily due to COVID-19 impacts and increased competition. Net advertising revenues dropped by 10.2% to RMB281.3 million (US$41.4 million). While total operating expenses decreased by 20.8% to RMB181.4 million (US$26.7 million), the company posted a loss from operations of RMB28.4 million (US$4.2 million). Cash and equivalents stood at RMB2.37 billion (US$349.5 million) as of September 30, 2020, with forecasts reflecting continued pressure on revenues due to market conditions.
Phoenix New Media Limited (NYSE: FENG) will report its third quarter 2020 financial results on November 17, 2020, after market close. The earnings can be accessed on their investor relations website. Following the release, a conference call will be held at 8:00 p.m. ET on the same day, with preregistration required. Participants can find more information about registration and the call on the company's website. A replay will be available until November 25, 2020.
Phoenix New Media Limited (NYSE: FENG) announced its annual general meeting of shareholders set for December 9, 2020, at 2:00 p.m. in Beijing. Shareholders as of November 10, 2020, are eligible to vote. The meeting will address key resolutions, with notifications available on the company's Investor Relations website. Phoenix New Media is a prominent new media company in China, offering integrated Internet platforms for premium content.
Phoenix New Media (NYSE: FENG) reported its Q2 2020 financial results with revenues of RMB312.3 million, down 9.7% year-over-year, primarily due to COVID-19 impacts. However, revenues increased 35% from Q1 2020. The company achieved an operating income of RMB25.6 million, a turnaround from a loss in the previous year, with an operating margin of 8.2%. The gross profit rose by 4.1% to RMB187.6 million, leading to a gross margin of 60.1%. Looking ahead, Q3 2020 revenue guidance is between RMB295.4 million and RMB315.4 million, despite ongoing uncertainties.
Phoenix New Media Limited (NYSE: FENG) will announce its second quarter 2020 financial results on August 17, 2020, after market close. The report will be accessible on their investor relations website. Following the release, a conference call is scheduled for 9:00 p.m. Eastern Time on the same day to discuss financials and operational performance. Due to COVID-19, participants must preregister online. A replay will be available until August 25, 2020 via specified dial-in numbers.
Phoenix New Media (NYSE: FENG) announced a new share purchase agreement (New SPA) with Run Liang Tai Management, replacing the previous agreement for selling shares of Particle Inc. The Company will sell all its 140,248,775 shares of Particle for a total of US$150 million, with US$99.3 million already received post-deposit. Additionally, Phoenix provided a US$9.7 million interest-free loan to the Proposed Buyers, who will transfer back shares as repayment. The deal is contingent on approval by shareholders of Phoenix Media Investment (Holdings) Limited, and successful closing is not guaranteed.
FAQ
What is the current stock price of Phoenix New Media American Depositary Shares (each representing forty-eight (48) (FENG)?
What is the market cap of Phoenix New Media American Depositary Shares (each representing forty-eight (48) (FENG)?
What is Phoenix New Media Limited?
What is the main source of revenue for Phoenix New Media?
What are the key platforms of Phoenix New Media?
What recent program did Phoenix New Media announce?
How does Phoenix New Media integrate its content?
What is the daily user coverage of Phoenix New Media?
What strengths does Phoenix New Media offer to advertisers?
How will the share repurchase program be funded?
Which laws will the repurchase program comply with?
What unique communication model does Phoenix New Media offer?
