Phoenix New Media Limited (FENG) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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FENG Revenue Growth
Revenue Breakdown (FY 2024)
FENG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
FENG Revenue Analysis (2013–2024)
As of May 8, 2026, Phoenix New Media Limited (FENG) generated trailing twelve-month (TTM) revenue of $761.4 million, reflecting exceptional growth of +22.3% year-over-year. The most recent quarter (Q3 2025) recorded $200.9 million in revenue, up 7.3% sequentially.
Looking at the longer-term picture, FENG's 5-year compound annual growth rate (CAGR) stands at -11.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.64 billion in 2014.
Revenue diversification analysis shows FENG's business is primarily driven by Paid Services Revenues From Paid Contents (64%), and Paid Services Revenues From E Commerce And Others (36%). With over half of revenue concentrated in Paid Services Revenues From Paid Contents, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including SOHU (-4.6% YoY), NTES (+6.6% YoY), and BIDU (-2.6% YoY), FENG has outperformed the peer group in terms of revenue growth. Compare FENG vs SOHU →
FENG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FENGCurrent | $761M | +22.3% | -11.9% | -9.2% | |
 SOHU | $598M | -4.6% | -2.3% | -18.3% | |
 NTES | $109.6B | +6.6% | +8.3% | 31.8% | |
 BIDU | $133.1B | -2.6% | +4.4% | 16.0% | |
 MOMO | $10.1B | -2.7% | -6.6% | 12.7% | |
 WB | $1.8B | +1.4% | -0.1% | 28.2% |
FENG Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $703.7M | +1.7% | $268.7M | 38.2% | $-64,721,000 | -9.2% |
| 2023 | $692.0M | -11.9% | $227.9M | 32.9% | $-125,697,000 | -18.2% |
| 2022 | $785.7M | -23.7% | $237.2M | 30.2% | $-191,435,000 | -24.4% |
| 2021 | $1.03B | -14.8% | $432.9M | 42.0% | $-336,095,000 | -32.6% |
| 2020 | $1.21B | -9.0% | $625.0M | 51.7% | $-102,576,000 | -8.5% |
| 2019 | $1.33B | -3.6% | $644.5M | 48.5% | $-356,109,000 | -26.8% |
| 2018 | $1.38B | -12.6% | $780.8M | 56.7% | $-124,022,000 | -9.0% |
| 2017 | $1.58B | +9.0% | $847.9M | 53.8% | $15.0M | 1.0% |
| 2016 | $1.44B | -10.2% | $718.1M | 49.7% | $35.4M | 2.4% |
| 2015 | $1.61B | -1.8% | $779.8M | 48.5% | $79.0M | 4.9% |
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Start ComparisonFENG — Frequently Asked Questions
Quick answers to the most common questions about buying FENG stock.
Is FENG's revenue growth accelerating or slowing?
FENG revenue is accelerating at +22.3% year-over-year, exceeding the 5-year CAGR of -11.9%. TTM revenue reached $761M. Growth momentum has increased versus prior periods.
What is FENG's long-term revenue growth rate?
Phoenix New Media Limited's 5-year revenue CAGR of -11.9% reflects the sustained expansion pattern. Current YoY growth of +22.3% is above this long-term average.
How is FENG's revenue distributed by segment?
FENG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.