Phoenix New Media Limited (FENG) Revenue History
Annual and quarterly revenue from 2010 to present
FENG Revenue Over Time (2010–2025)
FENG Revenue Growth History
7 of 15 years with positive growth- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- +79.8%
- FY2012 revenue growth
- +16.9%
- FY2013 revenue growth
- +28.2%
- FY2014 revenue growth
- +15.0%
- FY2015 revenue growth
- -1.8%
- FY2016 revenue growth
- -10.2%
- FY2017 revenue growth
- +9.0%
- FY2018 revenue growth
- -12.6%
- FY2019 revenue growth
- -3.6%
- FY2020 revenue growth
- -9.0%
- FY2021 revenue growth
- -14.8%
- FY2022 revenue growth
- -23.7%
- FY2023 revenue growth
- -11.9%
- FY2024 revenue growth
- +1.7%
- FY2025 revenue growth
- +8.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $222.3M | +1.9% |
| Q3 2025 | $200.9M | +22.3% |
| Q2 2025 | $187.2M | +11.2% |
| Q1 2025 | $155.2M | +1.5% |
| Q4 2024 | $218.1M | +3.0% |
| Q3 2024 | $164.3M | +6.9% |
| Q2 2024 | $168.3M | -6.6% |
| Q1 2024 | $153.0M | +4.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FENG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FENG Revenue Analysis (2010–2025)
Current Revenue & Growth
As of June 28, 2026, Phoenix New Media Limited (FENG) generated trailing twelve-month (TTM) revenue of $765.6 million, reflecting modest growth of +1.9% year-over-year. The most recent quarter (Q4 2025) recorded $222.3 million in revenue, up 10.6% sequentially.
Historical Growth Trajectory
FENG's 5-year compound annual growth rate (CAGR) stands at -8.7%, indicating revenue contraction over this period. The 3-year CAGR of -0.9% exceeds the 5-year average, indicating an acceleration in the most recent period. Phoenix New Media Limited's highest annual revenue of $1.64 billion was recorded in 2014.
Revenue by Segment
FENG's revenue is primarily driven by Paid Services Revenues From Paid Contents (90%), and Paid Services Revenues From E Commerce And Others (10%). With over half of revenue concentrated in Paid Services Revenues From Paid Contents, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including SOHU (-2.2% YoY), NTES (+6.6% YoY), and BIDU (-86.5% YoY) — FENG has outperformed the peer group in 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 | $766M | +1.9% | -8.7% | -4.5% | |
 SOHU | $584M | -2.2% | -4.9% | -9.6% | |
 NTES | $112.6B | +6.6% | +8.9% | 31.8% | |
 BIDU | $129.1B | -86.5% | +3.8% | -4.5% | |
 MOMO | $10.4B | -2.8% | -7.2% | 13.1% | |
 WB | $1.8B | +1.4% | +0.8% | 26.5% |
FENG Historical Revenue Data (2010–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $765.6M | +8.8% | $374.1M | 48.9% | $-34,377,000 | -4.5% |
| 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% |
| 2014 | $1.64B | +15.0% | $856.2M | 52.3% | $237.6M | 14.5% |
| 2013 | $1.42B | +28.2% | $728.1M | 51.1% | $248.2M | 17.4% |
| 2012 | $1.11B | +16.9% | $479.7M | 43.2% | $84.6M | 7.6% |
| 2011 | $950.6M | +79.8% | $395.9M | 41.6% | $85.7M | 9.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FENG — Frequently Asked Questions
Quick answers to the most common questions about buying FENG stock.
Is FENG's revenue growth accelerating or slowing?
FENG revenue growth is slowing. TTM revenue is $766M, up +1.9% year-over-year — below the 5-year CAGR of -8.7%. The deceleration suggests maturing end-markets or increased competition.
What is FENG's revenue history from 2010 to 2026?
Phoenix New Media Limited (FENG) revenue history spans 2010 to 2026. TTM revenue as of 2026 is $766M, growing at +1.9% YoY. The 5-year CAGR is -8.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FENG's long-term revenue growth rate (CAGR)?
Phoenix New Media Limited's 5-year revenue CAGR of -8.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +1.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FENG.
Why does FENG's quarterly revenue fluctuate?
FENG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Phoenix New Media Limited's revenue data from 2010 to 2026 shows full historical quarterly detail on this page.
How is FENG's revenue distributed by segment?
FENG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FENG's revenue compare to industry peers?
Phoenix New Media Limited (FENG) with TTM revenue of $766M and +1.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.