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Phoenix New Media Limited

FENG Communication Services Internet Content & Information

Phoenix New Media Limited’s revenue for fiscal 2025 (year ended December 2025) was $106.5 million, up 8.79% from fiscal 2024.

Revenue: +22.3%
EPS: +166.7%
Free cash flow: +90.6%
Total debt: −4.62%

Quarter to June 2026, against a year earlier

Operating cash flow growth 3 yrs

1.34 0.00 0.00%

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Market cap: $7.2M
P/E: 3.7×
Fwd P/E: −1.9×
Dividend yield: —
F-score: 7/9
Altman Z: 0.74
Beneish M: −2.64
Dividend safety: 20/100

Overview

Insider Decisions last twelve months

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 55.12%

Capital & Financial Ratios $m

Size

Market Cap 7.24

Revenue ttm 118.29

Net income ttm 0.05

Free cash flow ttm (69.84)

Net debt Q (143.85)

Valuation

P/E 3.72

Forward P/E (1.94)

Price / sales 0.14

Forward P/S Powerpack

Price / FCF 0.00

Price / book 0.10

Financial health

Current ratio Q 2.89

Debt / equity Q 0.01

Interest coverage Q (4.04)

Growth

Revenue growth Q +22.27%

Operating income growth Q +23.24%

EPS, this year —

EPS, next year A —

Revenue, next year A −7.38%

EPS, past 5 yrs −75.54%

EPS, next 5 yrs A +5.29%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 35.89%

10-year low 10-year high

P/S against its own 10 years 0.33%

10-year low 10-year high

P/B against its own 10 years 1.61%

10-year low 10-year high

EV/FCF against its own 10 years 82.65%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

16.45 ’20

paid change on the year, %

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	154	145	142	146
Receivables	42	45	41	40
Inventory	—	—	—	—
Other	8	11	10	10
	209	205	197	202

	2023	2024	2025	Q'26
Payables	17	20	17	18
ST’ Debt	—	—	—	—
Other	17	16	14	13
	74	75	69	70

Compound Annual Growth %

	10y	5y	3y
Sales	(8.12%)	(10.48%)	(3.02%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	(42.27%)	(75.97%)	0.00%
Book Value	(5.75%)	(9.58%)	(6.40%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2018 Estimate 0.30 Actual −0.24

−0.46 0.01 0.48 0.95 1.42

Sep 2014 Beat +0.24

Dec 2014 Beat +0.36

Mar 2015 Miss −0.54

Sep 2018 Miss −0.54

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Sep 2014	0.96	1.20	Beat by 0.24
Dec 2014	0.48	0.84	Beat by 0.36
Mar 2015	0.84	0.30	Miss by 0.54
Sep 2018	0.30	−0.24	Miss by 0.54

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.20)	0.08	—	—	—
’25	(0.34)	(0.12)	(0.06)	0.54	0.00
’24	(0.30)	(0.06)	(0.22)	(0.04)	(0.61)
’23	(0.69)	(0.36)	(0.24)	0.09	(1.19)
’22	(1.02)	(1.18)	0.28	0.50	(1.31)
’21	(0.36)	(0.12)	(1.74)	(0.48)	(2.64)
’20	(0.90)	(0.18)	0.00	5.76	4.80

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	27	32	—	—	—
’25	21	26	28	31	106
’24	21	23	23	30	98
’23	21	25	21	31	98
’22	28	29	27	33	117
’21	35	40	38	47	160
’20	39	44	45	58	185

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	0
’24	—	—	—	—	(6)
’23	—	—	—	—	(9)
’22	—	—	—	—	(46)
’21	—	—	—	—	(22)
’20	—	—	—	—	(16)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	(2)	(2)
’24	—	—	—	(7)	(7)
’23	—	—	—	(9)	(9)
’22	—	—	—	(50)	(50)
’21	—	—	—	(22)	(22)
’20	—	—	—	(18)	(18)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	208	242	200	220	185	160	117	98	98	106	118		(7.2%)	—	—	—	—
	Gross margin, %	49.70	53.83	56.69	49.82	53.73	42.02	30.19	32.93	38.18	48.87	53.67		(0.8) pt	Powerpack Phoenix New Media Limited’s next three years, line by line See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	13	8	(7)	107	68	(39)	(29)	(14)	(7)	1	5		(23.6%)
	EBT margin, %	6.39	3.12	(3.30)	48.61	36.95	(24.51)	(24.96)	(13.89)	(6.86)	1.11	4.02		(5.3) pt
	Net income	11	5	(10)	104	56	(42)	(19)	(15)	(7)	0	0		(45.1%)
Per share, $
Per share, $	Revenue	17.41	20.21	16.54	18.17	15.27	13.16	9.62	8.06	8.15	8.87	9.85		(7.2%)
	Earnings	0.96	0.48	(0.78)	8.64	4.80	(2.64)	(1.31)	(1.19)	(0.61)	0.00	0.36		(45.3%)
	Cash flow	2.45	2.22	(0.92)	(3.92)	(1.30)	(1.82)	(3.83)	(0.71)	(0.51)	(0.03)	0.00		n/m
	Capex	(0.35)	(0.36)	(0.67)	(0.99)	(0.15)	0.01	(0.31)	(0.07)	(0.06)	(0.14)	0.00		(9.6%)
	Free cash flow	2.10	1.86	(1.59)	(4.92)	(1.45)	(1.82)	(4.14)	(0.78)	(0.57)	(0.17)	0.00		n/m
	Book value	26.06	32.10	40.72	42.07	21.02	17.74	15.50	13.55	12.89	12.84	13.41		(7.6%)
	Shares, m	12	12	12	12	12	12	12	12	12	12	12		+0.1%
Valuation, ×
Valuation, ×	P/E	18.89	84.89	0.00	1.38	1.54	0.00	0.00	0.00	0.00	83.50	3.72		19.0
	P/S	1.11	2.02	1.16	0.65	0.47	0.39	0.27	0.17	0.29	0.19	0.14		0.7
	P/B	0.74	1.27	0.47	0.28	0.34	0.29	0.17	0.10	0.18	0.13	0.10		0.4
	EV/Sales	0.19	1.12	0.19	(0.44)	(0.89)	(1.05)	(1.17)	(1.38)	(1.17)	(1.12)	(1.08)		(0.6)
	EV/FCF	0.27	2.28	0.70	3.10	2.21	1.38	0.89	1.30	1.24	1.71	1.83		1.5
Cash, $m
Cash, $m	Operating cash flow	29	27	(11)	(47)	(16)	(22)	(46)	(9)	(6)	0	(62)		n/m
	Capex	(4)	(4)	(8)	(12)	(2)	0	(4)	(1)	(1)	(2)	(8)		(9.5%)
	Free cash flow	25	22	(19)	(59)	(18)	(22)	(50)	(9)	(7)	(2)	(70)		n/m
Balance, $m
Balance, $m	Working capital	164	180	138	151	208	172	148	134	130	128	132		(2.7%)
	Net debt	(190)	(217)	(193)	(240)	(251)	(230)	(169)	(152)	(143)	(140)	(144)		(3.3%)
	Shareholders’ equity	311	384	493	509	255	215	188	164	155	154	161		(7.5%)
Returns, %
Returns, %	ROA	2.72	1.14	(1.50)	14.54	9.80	(7.99)	(4.83)	(5.26)	(3.06)	0.02	1.79		(2.7) pt
	ROIC	2.61	0.86	(3.76)	(10.17)	(275.36)	0.00	(91.36)	(88.27)	(48.60)	(20.57)	(13.05)		(23.2) pt
	ROE	3.93	1.66	(2.10)	20.86	15.26	(13.56)	(8.08)	(8.22)	(4.67)	0.03	2.65		(3.9) pt
People
People	Employees	1,528	1,402	1,447	1,689	1,305	1,245	893	743	672	611	—		(9.7%)
	Revenue/emp, $m	0.14	0.17	0.14	0.13	0.14	0.13	0.13	0.13	0.15	0.17	—		+2.8%

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MNY MoneyHero Limited	$25.0M	— (loss-making)	— (loss-making)	−12.60% (below 0%: shrinking)	n/m	−4,569.46% (below 0%: shrinking)	51.96%	(16.01%)	Compare
CMCM Cheetah Mobile Inc.	$23.5M	— (loss-making)	— (loss-making)	−4.83% (below 0%: shrinking)	n/m	+45.77% (above 0%: growing)	63.37%	(12.63%)	Compare
CCG Cheche Group Inc.	$22.0M	— (loss-making)	— (loss-making)	+11.01% (above 0%: growing)	n/m	+90.36% (above 0%: growing)	5.23%	(0.34%)	Compare
GIFT Giftify, Inc.	$18.8M	— (loss-making)	— (loss-making)	+18.84% (above 0%: growing)	n/m	+8.00% (above 0%: growing)	19.58%	(7.14%)	Compare
SLE Super League Enterprise, Inc.	$13.7M	— (loss-making)	— (loss-making)	+0.27% (above 0%: growing)	n/m	−191.71% (below 0%: shrinking)	41.34%	(121.17%)	Compare
FENG Phoenix New Media Limited	$7.2M	3.7×	— (loss-making)	+22.27% (above 0%: growing)	n/m	+90.55% (above 0%: growing)	57.28%	(2.42%)
GITS Global Interactive Technologies, Inc.	$6.5M	— (loss-making)	—	0.00%	n/m	−17.06% (below 0%: shrinking)	100.00%	(715,900.00%)	Compare
NAMI NAMI Corp.	$5.6M	—	—	—	—	−125.38% (below 0%: shrinking)	—	—	Compare
CHAI Core AI Holdings, Inc.	$4.3M	— (loss-making)	— (loss-making)	+55.83% (above 0%: growing)	n/m	+232.68% (above 0%: growing)	(0.05%)	(7.37%)	Compare
Median of peers	$16.3M	—	—	+0.27%	—	−4.53%	41.34%	(12.63%)

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