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Phoenix New Media Ltd

EDGAR

FENG Report (type unavailable) · filed 2026-08-11

Annual consolidated revenue for 2025: about CNY 765.6M, using the latest reported figures. The previous period, 2024, was about CNY 703.7M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

766 million CNY

2025 · CNY

Exact inputs and evidence

Revenue: 765571000 CNY Source

Operating margin

-4.49%

2025 · %

Exact inputs and evidence

Operating Income: -34377000 CNY Source
Revenue: 765571000 CNY Source

Operating cash flow

-2.67 million CNY

2025 · CNY

Exact inputs and evidence

Operating Cash Flow: -2665000 CNY Source

Cash and cash equivalents: 538 million CNY 2025-12-31 Source
Exact value

537549000 CNY
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-11.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: Multiple units; comparison withheld· newest 2016-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
capital expenditure: No compatible figures in this window
Total assets: 10 of 11 periods available· newest 2025-12-31
Total liabilities: 10 of 11 periods available· newest 2025-12-31
Current assets: 10 of 11 periods available· newest 2025-12-31
Current liabilities: 10 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+8.8%

Prior period

CNY 703.7 million

2024-01-01 – 2024-12-31
Current period

CNY 765.57 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

765571000 − 703695000 = 61876000 CNY

703695000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
765571000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Phoenix New Media Ltd · 2025-12-31 Phoenix New Media Ltd (edgar:1509646) Year-over-year change in Revenue: 61876000 CNY Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 765571000 CNY (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#6974447 Filing: 000119312526188853 Input fundies:Revenue: 703695000 CNY (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#6972775 Filing: 000119312526188853
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+CNY 41.64 million

Prior period

−CNY 44.3 million

2024-01-01 – 2024-12-31
Current period

−CNY 2.67 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-2665000 − -44303000 = 41638000 CNY

-44303000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-2665000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Phoenix New Media Ltd · 2025-12-31 Phoenix New Media Ltd (edgar:1509646) Year-over-year change in Operating cash flow: 41638000 CNY Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -2665000 CNY (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#5341364 Filing: 000119312526188853 Input fundies:OperatingCashFlow: -44303000 CNY (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#5339537 Filing: 000119312526188853
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Net income, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue CNY 765.57 million 100% of revenue
Cost of revenue CNY 391.42 million 51% of revenue
Operating expenses CNY 408.53 million 53% of revenue
Operating income −CNY 34.38 million −4.5% of revenue
Tax, interest and other Derived Unavailable An input is unavailable.
Net income Unavailable An input is unavailable.

Cash

Operating cash flow −CNY 2.67 million −0.3% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.
2021 Not shown: operating income or net income is not reported.
2022 Not shown: operating income or net income is not reported.
2023 Not shown: operating income or net income is not reported.
2024 Not shown: operating income or net income is not reported.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	1444907000	1409535000 Derived	35372000	Unavailable	Unavailable	Unavailable	Source 2016-01-01 – 2016-12-31: 1444907000 CNY Inspect Revenue Open source 2016-01-01 – 2016-12-31: 35372000 CNY Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 203686000 CNY Inspect Operating Cash Flow Open source
2017 2017-01-01 – 2017-12-31	1575092000	1560109000 Derived	14983000	Unavailable	Unavailable	Unavailable	Source 2017-01-01 – 2017-12-31: 1575092000 CNY Inspect Revenue Open source 2017-01-01 – 2017-12-31: 14983000 CNY Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 172980000 CNY Inspect Operating Cash Flow Open source
2018 2018-01-01 – 2018-12-31	1376281000	1499970000 Derived	-123689000	Unavailable	Unavailable	Unavailable	Source 2018-01-01 – 2018-12-31: 1376281000 CNY Inspect Revenue Open source 2018-01-01 – 2018-12-31: -123689000 CNY Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -76824000 CNY Inspect Operating Cash Flow Open source
2019 2019-01-01 – 2019-12-31	1327781000	1683890000 Derived	-356109000	Unavailable	Unavailable	Unavailable	Source 2019-01-01 – 2019-12-31: 1327781000 CNY Inspect Revenue Open source 2019-01-01 – 2019-12-31: -356109000 CNY Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -330305000 CNY Inspect Operating Cash Flow Open source
2020 2020-01-01 – 2020-12-31	1208845000	1311421000 Derived	-102576000	Unavailable	Unavailable	Unavailable	Source 2020-01-01 – 2020-12-31: 1208845000 CNY Inspect Revenue Open source 2020-01-01 – 2020-12-31: -102576000 CNY Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -103109000 CNY Inspect Operating Cash Flow Open source
2021 2021-01-01 – 2021-12-31	1030331000	1366426000 Derived	-336095000	Unavailable	Unavailable	Unavailable	Source 2021-01-01 – 2021-12-31: 1030331000 CNY Inspect Revenue Open source 2021-01-01 – 2021-12-31: -336095000 CNY Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -142822000 CNY Inspect Operating Cash Flow Open source
2022 2022-01-01 – 2022-12-31	785707000	977142000 Derived	-191435000	Unavailable	Unavailable	Unavailable	Source 2022-01-01 – 2022-12-31: 785707000 CNY Inspect Revenue Open source 2022-01-01 – 2022-12-31: -191435000 CNY Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -312411000 CNY Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	692020000	817717000 Derived	-125697000	Unavailable	Unavailable	Unavailable	Source 2023-01-01 – 2023-12-31: 692020000 CNY Inspect Revenue Open source 2023-01-01 – 2023-12-31: -125697000 CNY Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -60827000 CNY Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	703695000	768416000 Derived	-64721000	Unavailable	Unavailable	Unavailable	Source 2024-01-01 – 2024-12-31: 703695000 CNY Inspect Revenue Open source 2024-01-01 – 2024-12-31: -64721000 CNY Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -44303000 CNY Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	765571000	799948000 Derived	-34377000	Unavailable	Unavailable	Unavailable	Source 2025-01-01 – 2025-12-31: 765571000 CNY Inspect Revenue Open source 2025-01-01 – 2025-12-31: -34377000 CNY Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -2665000 CNY Inspect Operating Cash Flow Open source

Amounts are exact, in CNY.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

CNY 765.6M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(CNY)	Source evidence
20162016-12-31	Revenue	1444907000	Revenue: 1444907000 Open source
20172017-12-31	Revenue	1575092000	Revenue: 1575092000 Open source
20182018-12-31	Revenue	1376281000	Revenue: 1376281000 Open source
20192019-12-31	Revenue	1327781000	Revenue: 1327781000 Open source
20202020-12-31	Revenue	1208845000	Revenue: 1208845000 Open source
20212021-12-31	Revenue	1030331000	Revenue: 1030331000 Open source
20222022-12-31	Revenue	785707000	Revenue: 785707000 Open source
20232023-12-31	Revenue	692020000	Revenue: 692020000 Open source
20242024-12-31	Revenue	703695000	Revenue: 703695000 Open source
20252025-12-31	Revenue	765571000	Revenue: 765571000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

8.8% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	-10.2%	Revenue: 1444907000 Open source Revenue: 1609196000 Open source
20172017-12-31	Year over year	9%	Revenue: 1575092000 Open source Revenue: 1444907000 Open source
20182018-12-31	Year over year	-12.6%	Revenue: 1376281000 Open source Revenue: 1575092000 Open source
20192019-12-31	Year over year	-3.5%	Revenue: 1327781000 Open source Revenue: 1376281000 Open source
20202020-12-31	Year over year	-9%	Revenue: 1208845000 Open source Revenue: 1327781000 Open source
20212021-12-31	Year over year	-14.8%	Revenue: 1030331000 Open source Revenue: 1208845000 Open source
20222022-12-31	Year over year	-23.7%	Revenue: 785707000 Open source Revenue: 1030331000 Open source
20232023-12-31	Year over year	-11.9%	Revenue: 692020000 Open source Revenue: 785707000 Open source
20242024-12-31	Year over year	1.7%	Revenue: 703695000 Open source Revenue: 692020000 Open source
20252025-12-31	Year over year	8.8%	Revenue: 765571000 Open source Revenue: 703695000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -4.5% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	2.4%	Operating Income: 35372000 Open source Revenue: 1444907000 Open source
20172017-12-31	Operating margin	1%	Operating Income: 14983000 Open source Revenue: 1575092000 Open source
20182018-12-31	Operating margin	-9%	Operating Income: -123689000 Open source Revenue: 1376281000 Open source
20192019-12-31	Operating margin	-26.8%	Operating Income: -356109000 Open source Revenue: 1327781000 Open source
20202020-12-31	Operating margin	-8.5%	Operating Income: -102576000 Open source Revenue: 1208845000 Open source
20212021-12-31	Operating margin	-32.6%	Operating Income: -336095000 Open source Revenue: 1030331000 Open source
20222022-12-31	Operating margin	-24.4%	Operating Income: -191435000 Open source Revenue: 785707000 Open source
20232023-12-31	Operating margin	-18.2%	Operating Income: -125697000 Open source Revenue: 692020000 Open source
20242024-12-31	Operating margin	-9.2%	Operating Income: -64721000 Open source Revenue: 703695000 Open source
20252025-12-31	Operating margin	-4.5%	Operating Income: -34377000 Open source Revenue: 765571000 Open source
2016-12-31	Net margin	Not reported	Revenue: 1444907000 Open source
2017-12-31	Net margin	Not reported	Revenue: 1575092000 Open source
2018-12-31	Net margin	Not reported	Revenue: 1376281000 Open source
2019-12-31	Net margin	Not reported	Revenue: 1327781000 Open source
2020-12-31	Net margin	Not reported	Revenue: 1208845000 Open source
2021-12-31	Net margin	Not reported	Revenue: 1030331000 Open source
2022-12-31	Net margin	Not reported	Revenue: 785707000 Open source
2023-12-31	Net margin	Not reported	Revenue: 692020000 Open source
2024-12-31	Net margin	Not reported	Revenue: 703695000 Open source
2025-12-31	Net margin	Not reported	Revenue: 765571000 Open source
20162016-12-31	Free cash flow margin	Not reported	Revenue: 1444907000 Open source Operating Cash Flow: 203686000 Open source
20172017-12-31	Free cash flow margin	Not reported	Revenue: 1575092000 Open source Operating Cash Flow: 172980000 Open source
20182018-12-31	Free cash flow margin	Not reported	Revenue: 1376281000 Open source Operating Cash Flow: -76824000 Open source
20192019-12-31	Free cash flow margin	Not reported	Revenue: 1327781000 Open source Operating Cash Flow: -330305000 Open source
20202020-12-31	Free cash flow margin	Not reported	Revenue: 1208845000 Open source Operating Cash Flow: -103109000 Open source
20212021-12-31	Free cash flow margin	Not reported	Revenue: 1030331000 Open source Operating Cash Flow: -142822000 Open source
20222022-12-31	Free cash flow margin	Not reported	Revenue: 785707000 Open source Operating Cash Flow: -312411000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 692020000 Open source Operating Cash Flow: -60827000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 703695000 Open source Operating Cash Flow: -44303000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 765571000 Open source Operating Cash Flow: -2665000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

CNY -2.7M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(CNY)	Source evidence
20162016-12-31	Operating cash flow	203686000	Operating Cash Flow: 203686000 Open source
20172017-12-31	Operating cash flow	172980000	Operating Cash Flow: 172980000 Open source
20182018-12-31	Operating cash flow	-76824000	Operating Cash Flow: -76824000 Open source
20192019-12-31	Operating cash flow	-330305000	Operating Cash Flow: -330305000 Open source
20202020-12-31	Operating cash flow	-103109000	Operating Cash Flow: -103109000 Open source
20212021-12-31	Operating cash flow	-142822000	Operating Cash Flow: -142822000 Open source
20222022-12-31	Operating cash flow	-312411000	Operating Cash Flow: -312411000 Open source
20232023-12-31	Operating cash flow	-60827000	Operating Cash Flow: -60827000 Open source
20242024-12-31	Operating cash flow	-44303000	Operating Cash Flow: -44303000 Open source
20252025-12-31	Operating cash flow	-2665000	Operating Cash Flow: -2665000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.

Values and sources

Free cash flow values and source evidence
Period	Series	Value(CNY)	Source evidence
20162016-12-31	Free cash flow	Unavailable	Operating Cash Flow: 203686000 Open source
20172017-12-31	Free cash flow	Unavailable	Operating Cash Flow: 172980000 Open source
20182018-12-31	Free cash flow	Unavailable	Operating Cash Flow: -76824000 Open source
20192019-12-31	Free cash flow	Unavailable	Operating Cash Flow: -330305000 Open source
20202020-12-31	Free cash flow	Unavailable	Operating Cash Flow: -103109000 Open source
20212021-12-31	Free cash flow	Unavailable	Operating Cash Flow: -142822000 Open source
20222022-12-31	Free cash flow	Unavailable	Operating Cash Flow: -312411000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: -60827000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: -44303000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: -2665000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

32.8% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	31.8%	Total Liabilities: 1006114000 Open source Total Assets: 3168542000 Open source
2017-12-31	Liabilities / assets	Not reported	No source recorded
20182018-12-31	Liabilities / assets	26.8%	Total Liabilities: 1240358000 Open source Total Assets: 4630719000 Open source
20192019-12-31	Liabilities / assets	33.4%	Total Liabilities: 1780802000 Open source Total Assets: 5325817000 Open source
20202020-12-31	Liabilities / assets	40%	Total Liabilities: 1108579000 Open source Total Assets: 2772552000 Open source
20212021-12-31	Liabilities / assets	42.3%	Total Liabilities: 1016691000 Open source Total Assets: 2405846000 Open source
20222022-12-31	Liabilities / assets	37.7%	Total Liabilities: 765601000 Open source Total Assets: 2030824000 Open source
20232023-12-31	Liabilities / assets	33.8%	Total Liabilities: 595121000 Open source Total Assets: 1758744000 Open source
20242024-12-31	Liabilities / assets	35%	Total Liabilities: 598517000 Open source Total Assets: 1711927000 Open source
20252025-12-31	Liabilities / assets	32.8%	Total Liabilities: 541474000 Open source Total Assets: 1649789000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

2.85× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	2.16×	Current Assets: 2122692000 Open source Current Liabilities: 983079000 Open source
2017-12-31	Current assets / current liabilities	Not reported	No source recorded
20182018-12-31	Current assets / current liabilities	1.88×	Current Assets: 2020570000 Open source Current Liabilities: 1073267000 Open source
20192019-12-31	Current assets / current liabilities	1.7×	Current Assets: 2556702000 Open source Current Liabilities: 1505443000 Open source
20202020-12-31	Current assets / current liabilities	2.28×	Current Assets: 2419917000 Open source Current Liabilities: 1062413000 Open source
20212021-12-31	Current assets / current liabilities	2.15×	Current Assets: 2077003000 Open source Current Liabilities: 966979000 Open source
20222022-12-31	Current assets / current liabilities	2.5×	Current Assets: 1661651000 Open source Current Liabilities: 664321000 Open source
20232023-12-31	Current assets / current liabilities	2.81×	Current Assets: 1478628000 Open source Current Liabilities: 526994000 Open source
20242024-12-31	Current assets / current liabilities	2.74×	Current Assets: 1474352000 Open source Current Liabilities: 537320000 Open source
20252025-12-31	Current assets / current liabilities	2.85×	Current Assets: 1418293000 Open source Current Liabilities: 498254000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	CNY 203.69 million Exact value Exact value: 203686000 CNY 2016-01-01 – 2016-12-31: 203686000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2016-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: 203686000 CNY Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: 203686000 CNY (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000110465917027241/feng-20161231.xml#300825 Filing: 000110465917027241 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	CNY 172.98 million Exact value Exact value: 172980000 CNY 2017-01-01 – 2017-12-31: 172980000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2017-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: 172980000 CNY Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: 172980000 CNY (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000156459020019287/feng-20191231.xml#417342 Filing: 000156459020019287 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	−CNY 76.82 million Exact value Exact value: -76824000 CNY 2018-01-01 – 2018-12-31: -76824000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2018-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -76824000 CNY Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -76824000 CNY (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000156459021021431/feng-20f_20201231.htm#6260089 Filing: 000156459021021431 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	−CNY 330.31 million Exact value Exact value: -330305000 CNY 2019-01-01 – 2019-12-31: -330305000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2019-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -330305000 CNY Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -330305000 CNY (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000156459022016225/feng-20f_20211231.htm#6595796 Filing: 000156459022016225 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2020 2020-01-01 – 2020-12-31	Unavailable Not reported for this period.	−CNY 103.11 million Exact value Exact value: -103109000 CNY 2020-01-01 – 2020-12-31: -103109000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2020-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -103109000 CNY Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -103109000 CNY (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000095017023016032/feng-20221231.htm#6799342 Filing: 000095017023016032 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2021-01-01 – 2021-12-31	Unavailable Not reported for this period.	−CNY 142.82 million Exact value Exact value: -142822000 CNY 2021-01-01 – 2021-12-31: -142822000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2021-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -142822000 CNY Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -142822000 CNY (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000095017024047904/feng-20231231.htm#4357955 Filing: 000095017024047904 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2022-01-01 – 2022-12-31	Unavailable Not reported for this period.	−CNY 312.41 million Exact value Exact value: -312411000 CNY 2022-01-01 – 2022-12-31: -312411000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2022-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -312411000 CNY Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -312411000 CNY (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000095017025055759/feng-20241231.htm#5180193 Filing: 000095017025055759 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	Unavailable Not reported for this period.	−CNY 60.83 million Exact value Exact value: -60827000 CNY 2023-01-01 – 2023-12-31: -60827000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2023-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -60827000 CNY Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -60827000 CNY (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#5337710 Filing: 000119312526188853 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	Unavailable Not reported for this period.	−CNY 44.3 million Exact value Exact value: -44303000 CNY 2024-01-01 – 2024-12-31: -44303000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2024-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -44303000 CNY Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -44303000 CNY (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#5339537 Filing: 000119312526188853 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	Unavailable Not reported for this period.	−CNY 2.67 million Exact value Exact value: -2665000 CNY 2025-01-01 – 2025-12-31: -2665000 CNY Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Phoenix New Media Ltd · 2025-12-31 Phoenix New Media Ltd (edgar:1509646) Operating Cash Flow: -2665000 CNY Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T14:06:25Z Snapshot: c62eaa9f340368c755b209861273ef5b41fa15ccd606154a589c867038b99ffe Dimensions: Consolidated View: https://fundies.io/companies/edgar/1509646/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=CNY&dimensions= Input fundies:OperatingCashFlow: -2665000 CNY (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1509646/000119312526188853/feng-20251231.htm#5341364 Filing: 000119312526188853 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

164 filings · 1,897 latest values · 1,897 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001509646, 1509646, FENG, edgar:1509646

Also known as PHOENIX NEW MEDIA LTD, Phoenix New Media Limited, Phoenix New Media Ltd

Phoenix New Media Ltd

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Company performance

What changed year over year

Revenue

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation