Phoenix New Media(US:FENG)2025-05-13 21:00Revenue Performance - Total revenues for Q1 2025 increased by 1.4% to RMB155.2 million (US$21.4 million) from RMB153.0 million in Q1 2024, driven by an increase in paid services revenues[4] - Paid services revenues surged by 141.0% to RMB34.7 million (US$4.8 million) from RMB14.4 million in Q1 2024, with revenues from paid contents increasing by 387.5% to RMB31.2 million (US$4.3 million)[5] - For Q2 2025, the company expects total revenues between RMB182.1 million and RMB197.1 million, with net advertising revenues projected between RMB148.7 million and RMB158.7 million[15] Advertising Revenue - Net advertising revenues decreased by 13.1% to RMB120.5 million (US$16.6 million) compared to RMB138.6 million in Q1 2024[4] - Net advertising revenues for the same period were RMB 120,547, down 36% from RMB 188,981 in the previous quarter[28] Profitability - Gross profit rose by 42.5% to RMB62.7 million (US$8.6 million), with a gross margin of 40.4%, up from 28.8% in Q1 2024[6] - The net loss attributable to Phoenix New Media Limited for the three months ended March 31, 2025, was RMB 29,726, compared to a net loss of RMB 3,593 in the previous quarter[28] - Net loss attributable to Phoenix New Media Limited was RMB29.7 million (US$4.1 million), with a net margin of negative 19.2%, compared to negative 17.0% in Q1 2024[11] - Non-GAAP net loss attributable to Phoenix New Media Limited was RMB29.5 million (US$4.1 million), with a non-GAAP net margin of negative 19.0%[12] - The company reported a comprehensive loss of RMB 30,368 for the three months ended March 31, 2025[28] Operating Expenses - Total operating expenses increased by 25.6% to RMB101.1 million (US$13.9 million) due to higher sales and marketing expenses for digital reading services[8] - Operating expenses for the three months ended March 31, 2025, totaled RMB 101,096, an increase from RMB 90,296 in the previous quarter[28] Cash and Assets - As of March 31, 2025, cash and cash equivalents totaled RMB984.5 million (US$135.7 million)[14] - Total current assets as of March 31, 2025, were RMB 1,373,887, a decrease from RMB 1,474,352 as of December 31, 2024[27] - Cash and cash equivalents as of March 31, 2025, were RMB 636,202, an increase from RMB 607,579 as of December 31, 2024[27] - Total liabilities as of March 31, 2025, were RMB 530,388, down from RMB 598,517 as of December 31, 2024[27] Operational Metrics - Loss from operations was RMB38.4 million (US$5.3 million), compared to a loss of RMB36.5 million in Q1 2024, with an operating margin of negative 24.7%[9] - The weighted average number of Class A and Class B ordinary shares used in computing net loss per share for the three months ended March 31, 2025, was 576,517,237[28]