Phoenix New Media (FENG) Reports Q1 Loss of RMB1.09/sh

Phoenix New Media (NYSE: FENG) reported Q1 EPS of (RMB1.09), versus (RMB1.65) reported last year. Revenue for the quarter came in at RMB274.8 million, versus RMB284.9 million reported last year.

Business Outlook

For the second quarter of 2020, the Company expects its total revenues to be between RMB308.7 million and RMB338.7 million; net advertising revenues are expected to be between RMB276.4 million and RMB291.4 million; and paid services revenues are expected to be between RMB32.3 million and RMB47.3 million.

All of the above forecasts reflect the current and preliminary view of Company management, which are subject to change and substantial uncertainty, particularly in view of the potential impact of the COVID-19 outbreak, the effects of which are difficult to analyse and predict.

For earnings history and earnings-related data on Phoenix New Media (FENG) click here.

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