Q2 2025 Phoenix New Media Ltd Earnings Call Transcript
Key Points
- Phoenix New Media Ltd (FENG) reported a 11.2% year-on-year increase in total revenues for the second quarter of 2025.
- The company's paid services revenues saw a significant increase of 148.5% year-on-year, driven by digital reading services.
- Phoenix New Media Ltd (FENG) achieved a decrease in the cost of revenues by 7.6% compared to the same period last year.
- The Phoenix News video account surpassed 5 million followers, with annual views exceeding 2 billion and projected revenue growth approaching 50%.
- The company hosted the 2025 China Enterprise Global Expansion Summit, enhancing its industry influence and marking its transformation into a resource integrator.
- Net advertising revenues slightly decreased compared to the same period last year, reflecting challenges in the advertising market.
- Total operating expenses increased by 33.5% year-on-year, primarily due to higher sales and marketing expenses.
- Phoenix New Media Ltd (FENG) reported a net loss attributable to the company of RMB10.4 million, compared to RMB5.5 million in the same period last year.
- The overall advertising market remained relatively flat, affecting the company's core business segment.
- Certain client sectors such as auto, alcohol, and real estate continued to slow down, impacting advertising revenue stability.
Good day, and thank you for standing by. Welcome to Phoenix New Media second-quarter 2025 earnings call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'd now like to turn the conference over to your speaker today, Muzi Guo, from Investor Relations. Please go ahead.
Thank you, Amber. Welcome to Phoenix New Media's earnings conference call for the second quarter of 2025. Today's call will begin with an overview of our quarterly results, followed by a Q&A session. Our quarterly financial results and the webcast of this conference call are available on our website at ir.ifeng.com.
Before we continue, please note the Safe Harbor statement in our earnings press release, which applies to any forward-looking statements made during this call. Unless otherwise stated, all figures mentioned are in the RMB. Joining me today are our CEO, Mr. Yusheng Sun; and our CFO, Mr. Edward Lu.
I will now pass the call to Mr. Sun for his opening remarks. I will provide
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