Phoenix New Media Ltd
NYSE:FENG
Income Statement
Earnings Waterfall
Phoenix New Media Ltd
Revenue
|
704.1m
CNY
|
Cost of Revenue
|
-479.4m
CNY
|
Gross Profit
|
224.7m
CNY
|
Operating Expenses
|
-326.6m
CNY
|
Operating Income
|
-101.9m
CNY
|
Other Expenses
|
33m
CNY
|
Net Income
|
-69m
CNY
|
Income Statement
Phoenix New Media Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 327
N/A
|
1 425
+7%
|
1 500
+5%
|
1 547
+3%
|
1 600
+3%
|
1 638
+2%
|
1 646
+0%
|
1 658
+1%
|
1 617
-2%
|
1 609
0%
|
1 567
-3%
|
1 494
-5%
|
1 464
-2%
|
1 445
-1%
|
1 417
-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%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(677)
|
(696)
|
(726)
|
(750)
|
(759)
|
(782)
|
(798)
|
(823)
|
(830)
|
(829)
|
(797)
|
(756)
|
(729)
|
(727)
|
(731)
|
(718)
|
(724)
|
(727)
|
(693)
|
(659)
|
(622)
|
(596)
|
(625)
|
(658)
|
(678)
|
(683)
|
(631)
|
(590)
|
(569)
|
(559)
|
(562)
|
(574)
|
(579)
|
(597)
|
(632)
|
(637)
|
(610)
|
(549)
|
(524)
|
(507)
|
(479)
|
|
Gross Profit |
650
N/A
|
728
+12%
|
774
+6%
|
797
+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%
|
802
+8%
|
848
+6%
|
872
+3%
|
876
+0%
|
816
-7%
|
780
-4%
|
708
-9%
|
659
-7%
|
651
-1%
|
645
-1%
|
687
+7%
|
694
+1%
|
678
-2%
|
650
-4%
|
642
-1%
|
574
-11%
|
511
-11%
|
433
-15%
|
348
-20%
|
278
-20%
|
255
-8%
|
237
-7%
|
232
-2%
|
239
+3%
|
225
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(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)
|
(823)
|
(769)
|
(749)
|
(739)
|
(546)
|
(429)
|
(397)
|
(339)
|
(327)
|
|
Selling, General & Administrative |
(351)
|
(371)
|
(401)
|
(406)
|
(441)
|
(469)
|
(486)
|
(518)
|
(530)
|
(530)
|
(524)
|
(537)
|
(520)
|
(521)
|
(528)
|
(538)
|
(577)
|
(641)
|
(679)
|
(676)
|
(707)
|
(699)
|
(676)
|
(727)
|
(720)
|
(784)
|
(793)
|
(711)
|
(675)
|
(557)
|
(525)
|
(522)
|
(639)
|
(610)
|
(596)
|
(584)
|
(397)
|
(297)
|
(270)
|
(235)
|
(238)
|
|
Research & Development |
(103)
|
(109)
|
(114)
|
(120)
|
(135)
|
(150)
|
(161)
|
(170)
|
(172)
|
(171)
|
(170)
|
(170)
|
(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)
|
|
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
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(23)
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
|
Operating Income |
196
N/A
|
248
+27%
|
259
+4%
|
270
+4%
|
265
-2%
|
238
-10%
|
202
-15%
|
147
-27%
|
85
-42%
|
79
-7%
|
76
-4%
|
32
-58%
|
51
+59%
|
35
-30%
|
(9)
N/A
|
34
N/A
|
42
+25%
|
15
-64%
|
(3)
N/A
|
2
N/A
|
(91)
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%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
53
|
53
|
65
|
61
|
55
|
52
|
17
|
3
|
3
|
(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)
|
|
Non-Reccuring Items |
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
|
|
Total Other Income |
8
|
15
|
18
|
23
|
26
|
21
|
15
|
14
|
20
|
29
|
34
|
33
|
23
|
21
|
18
|
17
|
21
|
19
|
22
|
21
|
22
|
22
|
26
|
28
|
28
|
15
|
18
|
22
|
31
|
36
|
36
|
32
|
22
|
25
|
24
|
17
|
15
|
8
|
5
|
10
|
10
|
|
Pre-Tax Income |
256
N/A
|
316
+23%
|
342
+8%
|
353
+3%
|
346
-2%
|
311
-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%
|
22
-56%
|
51
+135%
|
(12)
N/A
|
(45)
-290%
|
(93)
-106%
|
(215)
-132%
|
(236)
-9%
|
692
N/A
|
756
+9%
|
842
+11%
|
885
+5%
|
447
-50%
|
464
+4%
|
433
-7%
|
242
-44%
|
(253)
N/A
|
(316)
-25%
|
(421)
-33%
|
(208)
+51%
|
(196)
+6%
|
(167)
+15%
|
(83)
+51%
|
(133)
-60%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(32)
|
(38)
|
(41)
|
(45)
|
(49)
|
(48)
|
(45)
|
(38)
|
(29)
|
(26)
|
(24)
|
(14)
|
(12)
|
(14)
|
(9)
|
(14)
|
(21)
|
(15)
|
(12)
|
(17)
|
(3)
|
(20)
|
(33)
|
(28)
|
(39)
|
(22)
|
(13)
|
(13)
|
(7)
|
(19)
|
(20)
|
(18)
|
(29)
|
(21)
|
(16)
|
(4)
|
5
|
70
|
68
|
56
|
63
|
|
Income from Continuing Operations |
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)
|
|
Income to Minority Interest |
0
|
2
|
2
|
2
|
3
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
3
|
1
|
(2)
|
(6)
|
1
|
(13)
|
(12)
|
(10)
|
(16)
|
3
|
72
|
67
|
76
|
80
|
16
|
16
|
12
|
3
|
1
|
|
Net Income (Common) |
225
N/A
|
280
+25%
|
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%
|
38
-43%
|
12
-68%
|
36
+201%
|
(13)
N/A
|
(63)
-382%
|
(125)
-98%
|
(245)
-95%
|
(222)
+9%
|
728
N/A
|
787
+8%
|
844
+7%
|
838
-1%
|
380
-55%
|
412
+8%
|
418
+1%
|
285
-32%
|
(206)
N/A
|
(256)
-25%
|
(345)
-35%
|
(187)
+46%
|
(110)
+41%
|
(88)
+20%
|
(23)
+74%
|
(69)
-197%
|
|
EPS (Diluted) |
2.16
N/A
|
2.69
+25%
|
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%
|