Phoenix New Media Ltd
NYSE:FENG
Income Statement
Earnings Waterfall
Phoenix New Media Ltd
Income Statement
Phoenix New Media Ltd
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
7
|
12
|
18
|
22
|
22
|
21
|
17
|
15
|
0
|
9
|
8
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
262
N/A
|
310
+18%
|
371
+20%
|
440
+19%
|
529
+20%
|
603
+14%
|
707
+17%
|
828
+17%
|
951
+15%
|
1 018
+7%
|
1 074
+5%
|
1 089
+1%
|
1 111
+2%
|
1 153
+4%
|
1 234
+7%
|
1 327
+7%
|
1 424
+7%
|
1 500
+5%
|
1 547
+3%
|
1 600
+3%
|
1 638
+2%
|
1 646
+0%
|
1 658
+1%
|
1 616
-2%
|
1 609
0%
|
1 567
-3%
|
1 494
-5%
|
1 464
-2%
|
1 445
-1%
|
1 416
-2%
|
1 460
+3%
|
1 525
+4%
|
1 575
+3%
|
1 566
-1%
|
1 535
-2%
|
1 438
-6%
|
1 376
-4%
|
1 334
-3%
|
1 317
-1%
|
1 328
+1%
|
1 328
0%
|
1 318
-1%
|
1 284
-3%
|
1 247
-3%
|
1 209
-3%
|
1 204
0%
|
1 148
-5%
|
1 090
-5%
|
1 030
-5%
|
980
-5%
|
915
-7%
|
865
-5%
|
786
-9%
|
757
-4%
|
745
-2%
|
704
-6%
|
692
-2%
|
699
+1%
|
687
-2%
|
697
+2%
|
704
+1%
|
706
+0%
|
725
+3%
|
761
+5%
|
766
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(170)
|
(188)
|
(216)
|
(253)
|
(299)
|
(363)
|
(418)
|
(486)
|
(555)
|
(575)
|
(608)
|
(630)
|
(631)
|
(640)
|
(656)
|
(677)
|
(696)
|
(726)
|
(750)
|
(759)
|
(782)
|
(798)
|
(823)
|
(830)
|
(829)
|
(797)
|
(756)
|
(729)
|
(727)
|
(731)
|
(718)
|
(724)
|
(727)
|
(693)
|
(658)
|
(622)
|
(596)
|
(625)
|
(658)
|
(678)
|
(683)
|
(631)
|
(590)
|
(569)
|
(559)
|
(562)
|
(574)
|
(579)
|
(597)
|
(632)
|
(637)
|
(610)
|
(549)
|
(524)
|
(507)
|
(479)
|
(464)
|
(455)
|
(434)
|
(434)
|
(435)
|
(419)
|
(411)
|
(414)
|
(391)
|
|
| Gross Profit |
92
N/A
|
123
+33%
|
155
+26%
|
187
+21%
|
229
+22%
|
240
+5%
|
289
+20%
|
343
+18%
|
396
+16%
|
443
+12%
|
465
+5%
|
459
-1%
|
480
+5%
|
513
+7%
|
578
+13%
|
650
+12%
|
728
+12%
|
774
+6%
|
796
+3%
|
841
+6%
|
856
+2%
|
848
-1%
|
835
-2%
|
787
-6%
|
780
-1%
|
770
-1%
|
739
-4%
|
735
0%
|
718
-2%
|
685
-5%
|
741
+8%
|
801
+8%
|
848
+6%
|
872
+3%
|
876
+0%
|
816
-7%
|
780
-4%
|
708
-9%
|
659
-7%
|
650
-1%
|
644
-1%
|
687
+7%
|
694
+1%
|
678
-2%
|
650
-4%
|
641
-1%
|
574
-11%
|
511
-11%
|
433
-15%
|
348
-20%
|
278
-20%
|
254
-8%
|
237
-7%
|
232
-2%
|
239
+3%
|
225
-6%
|
228
+1%
|
244
+7%
|
253
+4%
|
263
+4%
|
269
+2%
|
287
+7%
|
314
+9%
|
347
+11%
|
374
+8%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(91)
|
(103)
|
(115)
|
(129)
|
(147)
|
(199)
|
(234)
|
(270)
|
(310)
|
(306)
|
(332)
|
(367)
|
(395)
|
(424)
|
(453)
|
(454)
|
(480)
|
(515)
|
(527)
|
(576)
|
(619)
|
(646)
|
(688)
|
(701)
|
(701)
|
(694)
|
(707)
|
(684)
|
(683)
|
(694)
|
(708)
|
(760)
|
(833)
|
(875)
|
(875)
|
(906)
|
(904)
|
(876)
|
(931)
|
(937)
|
(1 001)
|
(1 001)
|
(908)
|
(860)
|
(729)
|
(692)
|
(710)
|
(822)
|
(769)
|
(749)
|
(739)
|
(546)
|
(429)
|
(397)
|
(339)
|
(327)
|
(354)
|
(331)
|
(314)
|
(312)
|
(333)
|
(354)
|
(379)
|
(400)
|
(409)
|
|
| Selling, General & Administrative |
(74)
|
(84)
|
(93)
|
(104)
|
(116)
|
(154)
|
(183)
|
(209)
|
(241)
|
(237)
|
(255)
|
(281)
|
(304)
|
(327)
|
(352)
|
(351)
|
(371)
|
(401)
|
(406)
|
(441)
|
(469)
|
(486)
|
(518)
|
(530)
|
(530)
|
(524)
|
(537)
|
(520)
|
(521)
|
(528)
|
(538)
|
(577)
|
(641)
|
(679)
|
(676)
|
(707)
|
(699)
|
(676)
|
(727)
|
(719)
|
(784)
|
(793)
|
(711)
|
(675)
|
(557)
|
(525)
|
(522)
|
(639)
|
(610)
|
(596)
|
(584)
|
(397)
|
(297)
|
(270)
|
(235)
|
(238)
|
(271)
|
(256)
|
(242)
|
(241)
|
(263)
|
(284)
|
(310)
|
(332)
|
(344)
|
|
| Research & Development |
(17)
|
(19)
|
(22)
|
(26)
|
(31)
|
(45)
|
(51)
|
(61)
|
(69)
|
(69)
|
(78)
|
(86)
|
(91)
|
(97)
|
(101)
|
(103)
|
(109)
|
(114)
|
(120)
|
(135)
|
(150)
|
(161)
|
(170)
|
(172)
|
(171)
|
(170)
|
(169)
|
(164)
|
(162)
|
(166)
|
(170)
|
(183)
|
(192)
|
(196)
|
(199)
|
(199)
|
(205)
|
(210)
|
(215)
|
(218)
|
(217)
|
(208)
|
(197)
|
(185)
|
(172)
|
(167)
|
(163)
|
(160)
|
(159)
|
(153)
|
(155)
|
(149)
|
(132)
|
(122)
|
(103)
|
(88)
|
(83)
|
(75)
|
(72)
|
(71)
|
(71)
|
(70)
|
(69)
|
(68)
|
(65)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(23)
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
2
N/A
|
20
+1 123%
|
40
+102%
|
58
+45%
|
82
+42%
|
41
-50%
|
55
+33%
|
73
+32%
|
86
+18%
|
137
+60%
|
133
-3%
|
92
-31%
|
85
-8%
|
89
+6%
|
125
+40%
|
196
+57%
|
248
+27%
|
259
+4%
|
270
+4%
|
265
-2%
|
238
-10%
|
202
-15%
|
147
-27%
|
85
-42%
|
79
-8%
|
76
-4%
|
32
-58%
|
51
+59%
|
35
-31%
|
(8)
N/A
|
34
N/A
|
42
+24%
|
15
-64%
|
(3)
N/A
|
2
N/A
|
(90)
N/A
|
(124)
-37%
|
(168)
-36%
|
(273)
-63%
|
(287)
-5%
|
(356)
-24%
|
(315)
+12%
|
(214)
+32%
|
(182)
+15%
|
(80)
+56%
|
(51)
+36%
|
(136)
-168%
|
(312)
-129%
|
(336)
-8%
|
(401)
-19%
|
(461)
-15%
|
(291)
+37%
|
(191)
+34%
|
(165)
+14%
|
(100)
+39%
|
(102)
-2%
|
(126)
-23%
|
(88)
+30%
|
(61)
+30%
|
(49)
+21%
|
(65)
-33%
|
(67)
-3%
|
(65)
+3%
|
(52)
+20%
|
(34)
+34%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
1
|
0
|
1
|
1
|
0
|
1
|
18
|
29
|
38
|
43
|
32
|
35
|
34
|
47
|
52
|
52
|
65
|
61
|
55
|
52
|
17
|
3
|
2
|
(10)
|
9
|
18
|
18
|
36
|
33
|
25
|
20
|
15
|
2
|
28
|
46
|
46
|
49
|
29
|
23
|
1 033
|
1 052
|
1 033
|
1 038
|
515
|
504
|
537
|
531
|
58
|
61
|
29
|
74
|
(7)
|
(8)
|
7
|
(41)
|
21
|
21
|
24
|
20
|
16
|
11
|
8
|
16
|
42
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(25)
|
(25)
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
0
|
0
|
1
|
2
|
2
|
2
|
3
|
3
|
4
|
5
|
5
|
5
|
7
|
7
|
8
|
15
|
17
|
23
|
26
|
21
|
15
|
14
|
19
|
29
|
34
|
32
|
23
|
21
|
18
|
17
|
21
|
19
|
22
|
21
|
22
|
22
|
26
|
28
|
28
|
15
|
18
|
22
|
30
|
36
|
35
|
32
|
22
|
25
|
24
|
17
|
15
|
8
|
5
|
10
|
10
|
8
|
8
|
6
|
3
|
1
|
1
|
1
|
2
|
1
|
|
| Pre-Tax Income |
2
N/A
|
21
+957%
|
40
+97%
|
59
+47%
|
85
+42%
|
44
-48%
|
59
+33%
|
94
+60%
|
118
+25%
|
179
+53%
|
181
+1%
|
129
-29%
|
124
-4%
|
130
+5%
|
178
+37%
|
256
+44%
|
316
+23%
|
341
+8%
|
353
+3%
|
346
-2%
|
310
-10%
|
234
-25%
|
164
-30%
|
107
-35%
|
98
-9%
|
119
+21%
|
83
-30%
|
92
+11%
|
92
+1%
|
43
-54%
|
76
+78%
|
83
+10%
|
49
-41%
|
21
-56%
|
51
+136%
|
(12)
N/A
|
(45)
-287%
|
(93)
-106%
|
(216)
-132%
|
(236)
-9%
|
692
N/A
|
756
+9%
|
841
+11%
|
885
+5%
|
447
-50%
|
464
+4%
|
433
-7%
|
242
-44%
|
(252)
N/A
|
(316)
-25%
|
(421)
-33%
|
(208)
+51%
|
(196)
+6%
|
(167)
+15%
|
(83)
+51%
|
(133)
-60%
|
(96)
+28%
|
(58)
+39%
|
(31)
+46%
|
(25)
+20%
|
(48)
-92%
|
(55)
-14%
|
(56)
-2%
|
(34)
+40%
|
9
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(4)
|
(5)
|
(7)
|
(10)
|
(11)
|
(13)
|
(16)
|
(15)
|
(18)
|
(20)
|
(14)
|
(17)
|
(17)
|
(22)
|
(32)
|
(38)
|
(41)
|
(45)
|
(49)
|
(48)
|
(45)
|
(38)
|
(29)
|
(26)
|
(24)
|
(13)
|
(12)
|
(14)
|
(8)
|
(14)
|
(21)
|
(15)
|
(12)
|
(17)
|
(3)
|
(20)
|
(33)
|
(28)
|
(39)
|
(22)
|
(13)
|
(13)
|
(8)
|
(19)
|
(20)
|
(18)
|
(29)
|
(21)
|
(16)
|
(4)
|
5
|
70
|
68
|
56
|
63
|
(13)
|
(15)
|
(14)
|
(19)
|
(5)
|
(1)
|
(6)
|
(13)
|
(8)
|
|
| Income from Continuing Operations |
0
|
17
|
36
|
52
|
74
|
33
|
46
|
78
|
102
|
162
|
160
|
115
|
107
|
114
|
156
|
225
|
278
|
300
|
308
|
297
|
262
|
189
|
126
|
79
|
72
|
95
|
69
|
80
|
78
|
34
|
62
|
63
|
34
|
9
|
34
|
(15)
|
(65)
|
(126)
|
(243)
|
(275)
|
670
|
743
|
828
|
877
|
428
|
444
|
414
|
213
|
(273)
|
(333)
|
(425)
|
(203)
|
(126)
|
(100)
|
(27)
|
(70)
|
(109)
|
(73)
|
(46)
|
(44)
|
(53)
|
(56)
|
(62)
|
(47)
|
0
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
3
|
1
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
3
|
1
|
(2)
|
(6)
|
0
|
(13)
|
(12)
|
(10)
|
(16)
|
3
|
72
|
67
|
76
|
80
|
16
|
16
|
12
|
3
|
1
|
7
|
2
|
1
|
2
|
(1)
|
(1)
|
(1)
|
(2)
|
(0)
|
|
| Net Income (Common) |
(31)
N/A
|
(70)
-125%
|
(122)
-74%
|
(193)
-58%
|
(165)
+14%
|
(713)
-331%
|
(847)
-19%
|
(727)
+14%
|
(677)
+7%
|
114
N/A
|
330
+189%
|
285
-14%
|
107
-62%
|
114
+6%
|
156
+37%
|
225
+44%
|
280
+24%
|
303
+8%
|
310
+2%
|
299
-3%
|
263
-12%
|
190
-28%
|
128
-33%
|
79
-38%
|
74
-7%
|
96
+31%
|
71
-26%
|
82
+15%
|
81
-2%
|
37
-54%
|
64
+74%
|
65
+2%
|
37
-43%
|
12
-68%
|
36
+201%
|
(13)
N/A
|
(63)
-382%
|
(125)
-98%
|
(245)
-95%
|
(222)
+9%
|
728
N/A
|
787
+8%
|
844
+7%
|
837
-1%
|
380
-55%
|
411
+8%
|
418
+1%
|
285
-32%
|
(206)
N/A
|
(256)
-25%
|
(345)
-35%
|
(187)
+46%
|
(110)
+41%
|
(88)
+20%
|
(23)
+74%
|
(69)
-197%
|
(102)
-48%
|
(71)
+31%
|
(45)
+37%
|
(42)
+7%
|
(54)
-28%
|
(57)
-7%
|
(62)
-9%
|
(49)
+22%
|
0
N/A
|
|
| EPS (Diluted) |
-0.58
N/A
|
-1.31
-126%
|
-2.27
-73%
|
-4.01
-77%
|
-3.03
+24%
|
-11.73
-287%
|
-10.51
+10%
|
-6.72
+36%
|
-7.83
-17%
|
1.05
N/A
|
3.05
+190%
|
2.63
-14%
|
1
-62%
|
1.08
+8%
|
1.49
+38%
|
2.18
+46%
|
2.69
+23%
|
2.93
+9%
|
2.99
+2%
|
2.9
-3%
|
2.57
-11%
|
1.99
-23%
|
1.31
-34%
|
0.82
-37%
|
0.76
-7%
|
1
+32%
|
0.74
-26%
|
0.85
+15%
|
0.84
-1%
|
0.37
-56%
|
0.66
+78%
|
0.67
+2%
|
0.38
-43%
|
0.11
-71%
|
0.36
+227%
|
-0.15
N/A
|
-0.65
-333%
|
-0.21
+68%
|
-0.42
-100%
|
-0.38
+10%
|
1.24
N/A
|
1.35
+9%
|
1.44
+7%
|
1.43
-1%
|
0.65
-55%
|
0.7
+8%
|
0.72
+3%
|
0.49
-32%
|
-0.35
N/A
|
-0.44
-26%
|
-0.59
-34%
|
-0.32
+46%
|
-0.19
+41%
|
-0.15
+21%
|
-0.04
+73%
|
-0.12
-200%
|
-0.18
-50%
|
-0.13
+28%
|
-0.09
+31%
|
-0.08
+11%
|
-0.09
-12%
|
-0.1
-11%
|
-0.11
-10%
|
-0.09
+18%
|
0
N/A
|
|