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EarningsQ2 2026 Earnings Report
FENG Q2 2026 EPS Results
Actual EPS$0.08
Consensus EPS―
Beat/Miss―
One Year Ago EPS-$0.12
FENG Q2 2026 Revenue Results
Actual Revenue$31.84M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+23.06%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeTBA
Conference CallWednesday, August 12, 2026
FENG Upcoming Earnings
Phoenix New Media's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FENG Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted several meaningful positives: double-digit total revenue growth (15.8%), a more than twofold increase in paid services (+106.5%), a strong gross margin expansion (from 49.2% to 57.3%), a net income turnaround to RMB 6.5 million, and robust liquidity of RMB 990 million. These strengths were supported by tangible content wins, strong impressions, and vertical growth (tech channel +100% YoY) and AI-driven efficiency gains. Offsetting these positives were a modest decline in core advertising revenue (~4.2%), a substantial 30.4% rise in operating expenses that kept the company at an operating loss of RMB 5.3 million, and ongoing uncertainty in the ad market with timing-related pressures. On balance, the improvements in revenue, margin and bottom-line attributable income, together with strong cash balances and clear commercial traction for content IPs, outweigh the operational and advertising headwinds in the quarter.Company Guidance
Total Revenue Growth
Total revenues of RMB 216.7 million, up 15.8% year-over-year from RMB 187.1 million, demonstrating overall top-line recovery.
Paid Services Rapid Expansion
Paid services revenues reached RMB 69.8 million, representing a 106.5% year-over-year increase from RMB 33.8 million, driven primarily by digital reading services on third-party mini programs.
Improved Profitability and Net Income Turnaround
Net income attributable to ifeng was RMB 6.5 million versus a net loss of RMB 10.4 million in the year-ago quarter — a positive swing of RMB 16.9 million.
Higher Gross Margin and Lower Cost of Revenues
Gross margin improved to 57.3% from 49.2% a year ago (an improvement of 8.1 percentage points), while cost of revenues decreased 2.6% to RMB 92.6 million from RMB 95.1 million.
Strong Liquidity Position
Cash, term deposits, short-term investments and restricted cash totaled RMB 990 million (approximately USD 145.9 million) as of June 30, 2026.
Content and Commercial Wins
Major event coverage and original IPs drove engagement and commercial opportunities: Trump's visit coverage clips reached over 40 million views; original World Cup sports content generated 75+ million impressions and attracted 10+ leading brands; Her Power Weibo topic approached 200 million reads; Greater Bay Area Finance Forum achieved over 100 million impressions.
Vertical and AI-driven Momentum
Tech channel revenue grew over 100% year-over-year; ifeng Car Research Lab and event marketing around the Beijing Auto Show delivered strong revenue growth; AI was integrated to support content preparation and production, improving efficiency and reducing costs.
Q3 Revenue Guidance
Management guided Q3 2026 total revenue between RMB 220.9 million and RMB 235.9 million, net advertising revenue between RMB 151.9 million and RMB 161.9 million, and paid service revenues between RMB 69 million and RMB 74 million, signaling continued expected growth.
FENG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed