Phoenix New Media Limited income statement FENG

Annual Quarterly

In fiscal 2020, which ended Dec 31, 2020, Phoenix New Media Limited reported revenue of $185.3 million, down 15.8% from the year before. Net income was $56.0 million, a profit margin of 30.2%. The operating loss came to $15.7 million, an operating margin of -8.5%. Across the 10 fiscal years shown, revenue grew from $151.0 million in fiscal 2011 to $185.3 million in fiscal 2020, about 2.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015	FY 2014 Dec 31, 2014	FY 2013 Dec 31, 2013	FY 2012 Dec 31, 2012	FY 2011 Dec 31, 2011
Revenue	185 -15.8%	220 +9.8%	200 -17.2%	242 +16.3%	208 -16.2%	248 -5.9%	264 +12.2%	235 +32.0%	178 +18.1%	151
Cost of revenue	86 -22.3%	110 +27.2%	87 -22.4%	112 +6.8%	105 -18.2%	128 +1.6%	126 +9.5%	115 +13.5%	101 +15.0%	88
Gross profit	100 -9.1%	110 -3.5%	114 -12.9%	130 +26.0%	103 -14.1%	120 -12.8%	138 +14.7%	120 +56.2%	77 +22.4%	63
Research and development	26 -24.4%	35 +17.1%	30 +0.7%	30 +26.8%	23 -11.5%	26 +9.0%	24 +34.7%	18 +22.5%	15 +33.6%	11
Selling, general and administrative	85 -33.0%	127 +25.2%	102 +3.4%	98 +31.2%	75 -8.3%	82 +8.4%	76 +23.2%	61 +25.8%	49 +27.3%	38
Operating income	-16 +64.2%	-44 -143.3%	-18 -883.6%	2 -54.8%	5 -58.2%	12 -68.2%	38 -6.6%	41 +201.8%	14 -0.3%	14
Pretax income	68 -36.0%	107 +1715.1%	-7 -187.5%	8 -43.1%	13 -12.0%	15 -69.8%	50 -4.0%	52 +161.2%	20 +6.8%	19
Income tax	3 +0.0%	3 -0.5%	3 +28.7%	2 +12.0%	2 -48.5%	4 -49.5%	8 +25.6%	6 +127.9%	3 +13.3%	2
Net income	56 -46.2%	104 +1189.8%	-10 -280.4%	5 -53.0%	11 +0.8%	11 -73.5%	42 -8.0%	46	—	—
Net income to common	58 -44.2%	105 +1237.0%	-9 -259.7%	6	—	—	—	46 +168.0%	17 +116.0%	-108
Basic EPS	—	—	—	—	—	—	—	—	—	-0.21
Diluted EPS	—	—	—	—	—	—	—	—	—	-0.21
Weighted average shares, basic	—	—	—	—	—	—	—	—	—	519
Weighted average shares, diluted	—	—	—	—	—	—	—	—	—	519
Other measures
Depreciation and amortization	6 -46.3%	11 +135.3%	5 -13.7%	5 -9.4%	6 -13.9%	7 +19.9%	6 +12.6%	5 +53.2%	3 +73.7%	2
EBITDA	-10 +70.2%	-33 -146.1%	-13 -271.2%	8 -30.2%	11 -42.0%	19 -56.5%	44 -4.4%	46 +172.1%	17 +9.0%	16
Interest coverage	—	-60.03x	-9.16x	0.67x	5.01x	—	—	—	—	—
Margins
Gross margin	53.73%	49.82%	56.69%	53.83%	49.70%	48.46%	52.28%	51.11%	43.18%	41.65%
Operating margin	-8.49%	-19.95%	-9.00%	0.95%	2.45%	4.91%	14.51%	17.42%	7.62%	9.02%
Pretax margin	36.95%	48.61%	-3.30%	3.12%	6.39%	6.08%	18.96%	22.16%	11.19%	12.37%
Profit margin	30.22%	47.29%	-4.76%	2.19%	5.41%	4.50%	16.00%	19.52%	—	—
EBITDA margin	-5.26%	-14.90%	-6.65%	3.21%	5.35%	7.73%	16.73%	19.63%	9.52%	10.31%
Effective tax rate	4.25%	2.72%	—	30.04%	15.26%	26.06%	15.58%	11.91%	13.65%	12.87%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Television Broadcasting Stations (SIC 4833)
Listed as: FENG (NYSE)
Headquarters: Beijing
SEC filer status: Non-accelerated filer
SEC CIK: 1509646

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.