Phoenix New Media (FENG) Reports Q1 Loss of $1.97, Posts Q2 Guidance
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Phoenix New Media (NYSE: FENG) reported Q1 EPS of ($1.97. Revenue for the quarter came in at $26.2 million.
For the second quarter of 2011, the Company expects its net advertising revenues to be between RMB110 million to RMB112 million, which represents growth of approximately 142% to 146% from the second quarter of 2010.
Paid service revenues are expected to be between RMB106 million to RMB109 million, which represents 35% to 39% growth from the second quarter of 2010.
As a result, total revenues are expected to be between RMB216 million to RMB221 million, which represents 74% to 78% growth, approximately, from the second quarter of 2010.
For the second quarter of 2011, the Company expects its net advertising revenues to be between RMB110 million to RMB112 million, which represents growth of approximately 142% to 146% from the second quarter of 2010.
Paid service revenues are expected to be between RMB106 million to RMB109 million, which represents 35% to 39% growth from the second quarter of 2010.
As a result, total revenues are expected to be between RMB216 million to RMB221 million, which represents 74% to 78% growth, approximately, from the second quarter of 2010.
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