Phoenix New Media Reports Second Quarter 2020 Unaudited Financial Results
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Phoenix New Media (FENG) Reports Q2 Revenues Miss
August 17, 2020 5:03 PM EDTPhoenix New Media (NYSE: FENG) reported Q2 EPS of ($0.03). Revenue for the quarter came in at $44.2 million versus the consensus estimate of $63.52 million.
Mr. Shuang Liu, CEO of Phoenix New Media, commented, "During the second quarter of 2020, we remained undeterred by the pandemic and resulting macroeconomic uncertainty to conclude the period with encouraging results. For our flagship news app, iFeng, we refined our technology to optimize the platform's user experience, upgraded our recommendation algorithms to enhance its content delivery efficiency, and introduced... More
