Phoenix Media Investment Subsidiary Phoenix New Media Narrows Loss in Q3

MT Newswires Live

2024-11-13

Phoenix New Media, a New York Stock Exchange-listed subsidiary of Phoenix Media Investment (Holdings) (HKG:2008), reported a net loss attributable to the owners of 18.5 million yuan for the quarter ended Sept. 30, compared with a loss of 21.5 million yuan in the prior year quarter, according to a Wednesday filing with the Hong Kong bourse.

Loss per share was 0.03 yuan, compared with 0.04 yuan a year ago.

The total revenue for the quarter rose year on year to 164.3 million yuan from 153.6 million yuan.

For the fourth quarter of 2024, the company expects revenue to be between 197.9 million yuan and 212.9 million yuan.

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