Phoenix New Media Limited (NYSE:FENG) Q4 2019 Earnings Conference Call March 23, 2020 9:00 PM ET Company Participants Qing Liu - Director, Investor Relations Shuang Liu - Chief Executive Officer, Chairman of the Board of Yidian Zixun Edward Lu - Chief Financial Officer Conference Call Participants Frank Chen - Macquarie Carmen Zhang - First Shanghai Securities Binbin Ding - JPMorgan Operator Ladies and gentlemen, thank you for standing by. And welcome to Phoenix New Media 2019 Fourth Quarter and Fiscal Ye ...

Phoenix New Media Limited (NYSE:FENG) Q2 2019 Results Conference Call August 12, 2019 9:00 PM ET Company Participants Qing Liu – Manager-Investor Relations Shuang Liu – Chief Executive Officer Betty Yip Ho – Chief Financial Officer Conference Call Participants Frank Chen – Macquarie Binbin Ding – JPMorgan Carmen Zhang – First Shanghai Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to Phoenix New Media 2019 Second Quarter Earnings Call. At this time, all participants are in ...

Phoenix New Media Ltd (NYSE:FENG) Q1 2019 Results Earnings Conference Call May 13, 2019 9:00 PM ET Company Participants Qing Liu - IR Shuang Liu - CEO and Director Betty Ho - CFO and Director Conference Call Participants Frank Chen - Macquarie Binbin Ding - JPMorgan Chase & Co. Operator Ladies and gentlemen, thank you for standing by and welcome to the Phoenix New Media 2019 First Quarter Earnings Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a ques ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2018 was RMB434.1 million, a decrease of 6% from RMB661.8 million in the same period last year [19] - Non-GAAP net loss attributable to Phoenix New Media for Q4 2018 was RMB36.2 million, compared to a net income of RMB11.6 million in the same period last year [19] - Non-GAAP net loss per diluted ADS for Q4 was RMB0.50, compared to a net income of RMB0.16 in the same period last year [20][24] - Total revenues for fiscal year 2018 were RMB1.5 billion, down from RMB1.58 billion in 2017 [25] - Non-GAAP gross profit for fiscal year 2018 decreased by 8.5% to RMB780.2 million, representing a non-GAAP gross margin of 52.2% [26] Business Line Data and Key Metrics Changes - Net advertising revenue for Q4 decreased by 5.3% to RMB388.7 million from RMB410.5 million in the same period last year, primarily due to a 14-day suspension and budget cuts from advertisers [20] - Paid services revenue for Q4 was RMB45.4 million, down from RMB51.2 million in the same period last year [21] - Revenues from digital entertainment decreased to RMB31.6 million from RMB39.5 million, attributed to a 23.2% decline in MVAS revenues [21] - Revenues from digital reading decreased by 15.5% compared to the same period last year due to tightening regulations [21] Market Data and Key Metrics Changes - Yidian's daily active users reached 74 million as of January 31, 2019, with revenue almost doubling from the prior-year period [15] - The company expects a decrease in total revenues for Q1 2019, forecasting between RMB254.8 million and RMB274.8 million, representing a year-over-year decrease of 10.6% to 3.5% [27] Company Strategy and Development Direction - The company is focusing on enhancing AI capabilities, expanding its content library, and exploring investment opportunities to strengthen core competencies [33] - A strategic investment in Tadu aims to create a closed-loop IP ecosystem, integrating technology and content production capabilities [12][13] - The company plans to diversify into lifestyle verticals, including food and entertainment, to meet the high demand for quality content [10][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic slowdown in China, which is expected to persist, impacting advertising revenues [28] - Despite challenges, the company is optimistic about returning to growth cycles, projecting total revenue to increase by over 20% in 2019 [28] - Management emphasized the importance of high-quality content and user engagement as key drivers for future growth [4][17] Other Important Information - The company raised over RMB33.6 million for charity initiatives in Q4, demonstrating commitment to social responsibility [5] - The company has implemented a new incentive plan for We-media content creators to enhance content quality and engagement [8][35] Q&A Session Summary Question: Plans for proceeds from Yidian sale - Management indicated that proceeds will be used to strengthen core competencies and explore new investment opportunities [32][33] Question: Strategy for the ifeng mobile app - The goal is to make the app a leading news platform in China, focusing on user engagement and content quality [34] Question: Online reading strategy amidst competition - The company aims to operate as a closed-loop IP ecosystem, leveraging Tadu's distribution strengths and its own content capabilities [37] Question: User base in lifestyle verticals - Management is focusing on enhancing content in lifestyle areas to meet the demand from middle-class consumers [36] Question: Investment in original video content - The company plans to differentiate its video content strategy by leveraging past experiences and ensuring advertiser support before production [40]