Q3 2025 Phoenix New Media Ltd Earnings Call Transcript
Key Points
- Phoenix New Media Ltd (FENG) achieved a 22.3% year-on-year increase in total revenues, reaching RMB200.9 million.
- Net advertising revenues grew by 7.3% year-on-year, indicating resilience in a cautious ad market.
- Paid services revenues saw a significant increase of 161.6% year-on-year, driven by digital reading services.
- The company's live broadcast of the September 3 Military Parade attracted over 32 million views, showcasing strong audience trust.
- Phoenix New Media Ltd (FENG) successfully hosted major events like the Shanxi Cultural and Tourism Development Promotion Event, generating over 2 billion online impressions.
- Total operating expenses increased by 23.6% year-on-year, primarily due to higher sales and marketing expenses.
- Despite revenue growth, the company reported a net loss attributable to iFeng of RMB4.9 million.
- The advertising market remains challenging, with clients being cautious about their budgets.
- Loss from operations was RMB13.3 million, although this was an improvement from the previous year's loss.
- The company faces intense competition and must focus on cost control to maintain steady performance.
Good day and thank you for standing by. Welcome to Phoenix New Media third quarter 2025 earnings call. (Operator Instructions) Please be advised that today's conference is being recorded.
And now I'd like to turn the conference over to your speaker today, Muzi Guo from Investor Relations. Please go ahead.
Thank you, operator. Welcome to Phoenix New Media's earnings conference call for the third 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 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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