"Phoenix New Media is projecting continued growth in its paid services and advertising segments, with a focus on expanding its digital reading services and leveraging emerging AI applications. The company aims to capitalize on its strong content delivery capabilities and international reporting strengths to drive future revenue."
Total revenues reached CNY 108.8 million, up 21.6% year over year. Paid services revenues increased to CNY 63.5 million, up 83% year over year, and paid services became more than half of total income. Net advertising revenues were CNY 125.3 million, up 4% year over year. Gross margin improved to 53.5% from 40.4% in the prior year period. The operating loss narrowed to CNY 29.9 million from CNY 38.4 million, and net loss improved to CNY 16.8 million from CNY 29.7 million. Continued growth is projected in paid services and advertising, supported by digital reading services and AI applications.
Read at Investing.com Australia
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