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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. In the quarter to June 2026, revenue grew 22.3%, EPS grew 166.7%, free cash flow grew 90.6% and total debt fell 4.62%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

1.44 0.04 +2.86%

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Market cap: $7.6M
P/E: 4.0×
Fwd P/E: −1.9×
Dividend yield: —
F-score: 7/9
Altman Z: 0.74
Beneish M: −2.64
Dividend safety: 20/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 55.12%

Capital & Financial Ratios $m

Market Cap 7.56

Revenue 118.29

Net Income 0.05

Free Cash Flow (69.84)

Net Debt (143.85)

Current Ratio 2.89

Debt/Equity 0.01

P/E ratio 4.00

Fwd P/E (1.94)

P/S ratio 0.15

P/B ratio 0.11

Past 5Y EPS Growth (75.54%)

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (7.38%)

Next 5Y EPS Growth 5.29%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 37.75%

10-year low 10-year high

P/S against its own 10 years 1.36%

10-year low 10-year high

P/B against its own 10 years 4.90%

10-year low 10-year high

EV/FCF against its own 10 years 81.70%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	16.45	8.23 8.23
2019	0.00	8.23
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%)

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.66	14.58	16.98	11.64	6.72	4.80	2.10	1.10	1.20	1.28	Analyst estimates 2026–2028 Powerpack
	High	35.88	48.84	44.52	30.60	15.90	16.98	5.88	4.14	4.15	3.65
People
People	Employees	1,528	1,402	1,447	1,689	1,305	1,245	893	743	672	611
	Revenue/emp, $m	0.14	0.17	0.14	0.13	0.14	0.13	0.13	0.13	0.15	0.17
Income, $m
Income, $m	Revenue	208	242	200	220	185	160	117	98	98	106
	Gross margin, %	49.70	53.83	56.69	49.82	53.73	42.02	30.19	32.93	38.18	48.87
	EBT	13	8	(7)	107	68	(39)	(29)	(14)	(7)	1
	EBT margin, %	6.39	3.12	(3.30)	48.61	36.95	(24.51)	(24.96)	(13.89)	(6.86)	1.11
	Net income	11	5	(10)	104	56	(42)	(19)	(15)	(7)	0
	Depreciation	6	5	5	12	8	4	4	3	2	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
	Earnings	0.96	0.48	(0.78)	8.64	4.80	(2.64)	(1.31)	(1.19)	(0.61)	0.00
	Cash flow	2.45	2.22	(0.92)	(3.92)	(1.30)	(1.82)	(3.83)	(0.71)	(0.51)	(0.03)
	Capex	(0.35)	(0.36)	(0.67)	(0.99)	(0.15)	0.01	(0.31)	(0.07)	(0.06)	(0.14)
	Free cash flow	2.10	1.86	(1.59)	(4.92)	(1.45)	(1.82)	(4.14)	(0.78)	(0.57)	(0.17)
	Book value	26.06	32.10	40.72	42.07	21.02	17.74	15.50	13.55	12.89	12.84
	Shares, m	12	12	12	12	12	12	12	12	12	12
Valuation, ×
Valuation, ×	P/E	18.89	84.89	0.00	1.38	1.54	0.00	0.00	0.00	0.00	83.50
	P/S	1.11	2.02	1.16	0.65	0.47	0.39	0.27	0.17	0.29	0.19
	P/B	0.74	1.27	0.47	0.28	0.34	0.29	0.17	0.10	0.18	0.13
	EV/Sales	0.19	1.12	0.19	(0.44)	(0.89)	(1.05)	(1.17)	(1.38)	(1.17)	(1.12)
	EV/FCF	0.27	2.28	0.70	3.10	2.21	1.38	0.89	1.30	1.24	1.71
Cash, $m
Cash, $m	Operating cash flow	29	27	(11)	(47)	(16)	(22)	(46)	(9)	(6)	0
	Capex	(4)	(4)	(8)	(12)	(2)	0	(4)	(1)	(1)	(2)
	Free cash flow	25	22	(19)	(59)	(18)	(22)	(50)	(9)	(7)	(2)
Balance, $m
Balance, $m	Working capital	164	180	138	151	208	172	148	134	130	128
	Total debt	3	4	4	4	4	4	3	3	2	2
	Net debt	(190)	(217)	(193)	(240)	(251)	(230)	(169)	(152)	(143)	(140)
	Shareholders’ equity	311	384	493	509	255	215	188	164	155	154
Returns, %
Returns, %	ROA	2.72	1.14	(1.50)	14.54	9.80	(7.99)	(4.83)	(5.26)	(3.06)	0.02
	ROIC	2.61	0.86	(3.76)	(10.17)	(275.36)	0.00	(91.36)	(88.27)	(48.60)	(20.57)
	ROE	3.93	1.66	(2.10)	20.86	15.26	(13.56)	(8.08)	(8.22)	(4.67)	0.03

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CMCM Cheetah Mobile Inc.	$24.2M	— (loss-making)	— (loss-making)	−4.83% (below 0%: shrinking)	n/m	+45.77% (above 0%: growing)	63.37%	(12.63%)	Compare
SLE Super League Enterprise, Inc.	$14.0M	— (loss-making)	— (loss-making)	+0.27% (above 0%: growing)	n/m	−191.71% (below 0%: shrinking)	41.34%	(121.17%)	Compare
CCG Cheche Group Inc.	$12.6M	— (loss-making)	37.6×	+11.01% (above 0%: growing)	n/m	+90.36% (above 0%: growing)	5.23%	(0.34%)	Compare
FENG Phoenix New Media Limited	$7.6M	4.0×	— (loss-making)	+22.27% (above 0%: growing)	n/m	+90.55% (above 0%: growing)	57.28%	(2.42%)
NAMI NAMI Corp.	$5.9M	—	—	—	—	−125.38% (below 0%: shrinking)	—	—	Compare
GITS Global Interactive Technologies, Inc.	$5.8M	— (loss-making)	—	0.00%	n/m	−17.06% (below 0%: shrinking)	100.00%	(715,900.00%)	Compare
CHAI Core AI Holdings, Inc.	$5.5M	— (loss-making)	— (loss-making)	+55.83% (above 0%: growing)	n/m	+232.68% (above 0%: growing)	(0.05%)	(7.37%)	Compare
ROII RiskOn International, Inc.	$4.0M	— (loss-making)	—	−99.49% (below 0%: shrinking)	n/m	−322.71% (below 0%: shrinking)	95.31%	(3,949.46%)	Compare
LCFY Locafy Limited	$2.6M	— (loss-making)	—	+17.12% (above 0%: growing)	n/m	+89.62% (above 0%: growing)	100.00%	(67.24%)	Compare
Median of peers	$5.8M	—	—	+0.27%	—	+14.36%	63.37%	(67.24%)

All 77 Internet Content & Information stocks →