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PHOENIX NEW MEDIA LIMITED, also called Phoenix New Media, is engaged in the provision of media and advertising services through internet, mobile, and television channels. It also provides mobile internet and value-add, and video value-added services. Read More The company was founded on November 22, 2007 and is headquartered in Beijing, China.
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Advertising and Marketing
The Motley FoolMar 19
Phoenix New Media Limited (FENG) Q4 2018 Earnings Conference Call Transcript
Phoenix New Media Limited (NYSE:FENG) Q4 2018 Earnings Conference Call , 9:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to today's Phoenix New Media 2018, the Fourth Quarter and Fiscal Year 2018 Earnings Call. At this time all participants will be in a listen-only mode. There will be a presentation followed by a question-and-answer session (Operator Instructions). I would now li...
Seeking AlphaMar 18
Phoenix New Media swings to loss amid lower Q4 revenues
Phoenix New Media (NYSE:FENG) saw revenues slip amid macro headwinds and a temporary service suspension, and the company swung to a loss in Q4. Revenues fell 13.5% to 399.2M yuan under the new ASC 606 accounting standard; under the prior standard, they fell 6%. But seasonal strength meant they were up 21% sequentially. Gross profit dropped to 218M yuan (about $31.7M) from 253.1M yuan a year prior. Gross margin dipped to 54.6% from 54.8%. On a non-GAAP basis, net loss was 37.7M yuan (about $5.5M), vs. a y...
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