Company News
Mr.
Mr.
Fourth Quarter 2019 Financial Results
REVENUES
Total revenues in the fourth quarter of 2019 increased by 17.9% to
Net advertising revenues in the fourth quarter of 2019 increased by 11.0% to RMB395.2 million (
Paid services revenues[1] in the fourth quarter of 2019 increased by 75.1% to
COST OF REVENUES
Cost of revenues in the fourth quarter of 2019 increased by 16.4% to
- Content and operational costs in the fourth quarter of 2019 increased to
RMB183.3 million (US$26.3 million ) fromRMB153.9 million in the same period of 2018, primarily attributable to the consolidation of content and operational costs of Tianbo and Tadu. - Bandwidth costs in the fourth quarter of 2019 increased to
RMB16 .3 million (US$2 .4 million) fromRMB14 .2 million in the same period of 2018, primarily attributable to the consolidation of bandwidth costs of Tianbo and Tadu.
The increase was partially offset by:
- Revenue sharing fees to telecom operators and channel partners in the fourth quarter of 2019 decreased to
RMB11 .3 million (US$1 .6 million) fromRMB13 .2 million in the same period of 2018, primarily attributable to the decrease in the MVAS revenues.
Share-based compensation included in the content and operational costs in the fourth quarter of 2019 decreased to
GROSS PROFIT
Gross profit in the fourth quarter of 2019 increased to
To supplement the financial measures presented in accordance with the United States Generally Accepted Accounting Principles ("GAAP"), the Company has presented certain non-GAAP financial measures in this press release, which excludes the impact of certain reconciling items as stated in the "Use of Non-GAAP Financial Measures" section below. The related reconciliations to GAAP financial measures are presented in the accompanying "Reconciliations of Non-GAAP Results of Operation Measures to the Nearest Comparable GAAP Measures."
Non-GAAP gross margin in the fourth quarter of 2019, which excluded share-based compensation, increased to 55.5% from 55.2% in the same period of 2018.
[1] Prior to 2019, paid services revenues comprised of (i) revenues from digital entertainment, which included MVAS and digital reading, and (ii) revenues from games and others, which included web-based games, mobile games, content sales, and other online and mobile paid services through the Company's own platforms. |
OPERATING EXPENSES OR GAINS AND LOSS FROM OPERATIONS
Total operating expenses in the fourth quarter of 2019 increased by 37.5% to
Loss from operations in the fourth quarter of 2019 was
Non-GAAP loss from operations in the fourth quarter of 2019, which excluded share-based compensation and changes in fair value of financial assets-contingent returnable consideration, was
OTHER INCOME OR LOSS
Other income or loss reflects gain on disposal of available-for-sale debt investments, interest income, interest expense, foreign currency exchange gain or loss, income or loss from equity method investments, net of impairments, gain on disposal of convertible loans due from a related party and others, net[2]. Total net other income in the fourth quarter of 2019 was
- Gain on disposal of available-for-sale debt investments in the fourth quarter of 2019 was
RMB1,001.2 million (US$143.8 million ), which represented the gain from the disposal of part of the Company's investments in Particle, which was recorded as available-for sale debt investments in the balance sheet. No such gain was recorded in the same period of 2018. - Interest income in the fourth quarter of 2019 increased to
RMB7.0 million (US$1.0 million ) fromRMB8.6 million in the same period of 2018. - Interest expense in the fourth quarter of 2019 decreased to
RMB0.2 million (US$0.03 million ), fromRMB2.4 million in the same period of 2018, which was primarily due to the decrease in outstanding short-term bank loans as the Company repaid all of its short-term bank loans in the second quarter of 2019. - Foreign currency exchange gain in the fourth quarter of 2019 was
RMB1.0 million (US$0.1 million ), compared to foreign currency exchange loss ofRMB0.3 million in the same period of 2018. - Income from equity method investments, net of impairments, in the fourth quarter of 2019 was nil, compared to
RMB4 .0 million in the same period of 2018. - Others, net in the fourth quarter of 2019 decreased to
RMB8.2 million (US$1.2 million ) fromRMB9.9 million in the same period of 2018, mainly attributable to more government subsidies received in the same period of 2018.
[2] "Others, net" primarily consists of government subsidies and litigation loss provisions. |
NET INCOME OR LOSS ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED
Net income attributable to
Non-GAAP net loss attributable to Company in the fourth quarter of 2019, which excluded share-based compensation, income or loss from equity method investments, net of impairments, gain on disposal of available-for-sale debt investments and changes in fair value of financial assets-contingent returnable consideration, was
For the fourth quarter of 2019, the Company's weighted average number of ADSs used in the computation of diluted net loss per ADS was 72,790,541. As of
[3] "ADS" means American Depositary Share of the Company. Each ADS represents eight Class A ordinary shares of the Company. |
Full Year 2019 Financial Results
REVENUES
Total revenues in 2019 increased by 11.2% to
Net advertising revenues in 2019 increased by 5.4% to
Paid services revenues in 2019 increased by 49.4% to
COST OF REVENUES
Cost of revenues in 2019 increased by 28.8% to
Gross profit in 2019 decreased to
OPERATING EXPENSES OR GAINS AND LOSS FROM OPERATIONS
Total operating expense in 2019 increased to
Changes in fair value of financial assets-contingent returnable consideration in the fiscal year of 2019 was a gain of
Loss from operations in 2019 was
Non-GAAP loss from operations in 2019, which excluded share-based compensation and changes in fair value of financial assets-contingent returnable consideration, was
NET INCOME OR LOSS ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED
Net income attributable to Company in 2019 was
Non-GAAP net loss attributable to the Company in the fiscal year of 2019, which excluded share-based compensation, income or loss from equity method investments, net of impairments, gain on disposal of available-for-sale debt investments and changes in fair value of financial assets-contingent returnable consideration, was
CERTAIN BALANCE SHEET ITEMS
As of
As previously announced by the Company, the Company entered into a share purchase agreement (the "SPA") with
The Company has completed delivery of the first batch of 94,802,752 Particle shares to the Proposed Buyers pursuant to the Supplemental Agreement in the fourth quarter of 2019, corresponding to US$200 million of consideration fully received before
The fair value of the remaining available-for-sale debt investments in Particle of the Company was
Declaration and Payment of Special Cash Dividends and Special Cash Compensation
On November 14, 2019, the Company announced that its Board of Directors declared a special cash dividend of
JPMorgan Chase Bank, N.A., or JP Morgan, as depositary of the ADSs, paid a cash distribution of
In connection with the declaration of special cash dividend, the Board of Directors also approved a special cash compensation to the Company's option holders in the aggregate amount of approximately
Business Outlook
For the first quarter of 2020, the Company expects its total revenues to be between
All of the above forecasts reflect the Company's management's current and preliminary view, which is subject to change and substantial uncertainty, particularly in view of the potential impact of the COVID-19, the effects of which are difficult to analyse and predict.
Conference Call Information
The Company will hold a conference call at
To participate in the call, please use the dial-in numbers and conference ID below:
International: +65 67135090
Mainland China: 4006208038
United States: +1 8456750437
United Kingdom: +44 2036214779
Australia: +61 290833212
Conference ID: 8475057
A replay of the call will be available through
International: +61 2 8199 0299
Mainland China: 4006322162
Hong Kong: +852 30512780
United States: +1 646 254 3697
Conference ID: 8475057
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.ifeng.com.
Use of Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with the United States Generally Accepted Accounting Principles ("GAAP"),
Exchange Rate
This announcement contains translations of certain RMB amounts into
About
Safe Harbor Statement
This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the
For investor and media inquiries please contact:
Email: investorrelations@ifeng.com
Tel: +1 (646) 405-4883
Email: investorrelations@ifeng.com
|
||||||
Condensed Consolidated Balance Sheets |
||||||
(Amounts in thousands) |
||||||
|
|
|
||||
2018 |
2019 |
2019 |
||||
RMB |
RMB |
US$ |
||||
Audited* |
Unaudited |
Unaudited |
||||
ASSETS |
||||||
Current assets: |
||||||
Cash and cash equivalents |
174,024 |
341,016 |
48,984 |
|||
Term deposits and short term investments |
912,594 |
1,271,889 |
182,695 |
|||
Restricted cash |
269,648 |
82,934 |
11,913 |
|||
Accounts receivable, net |
484,113 |
638,272 |
91,682 |
|||
Amounts due from related parties |
91,228 |
59,723 |
8,579 |
|||
Prepayment and other current assets |
88,963 |
161,746 |
23,233 |
|||
Total current assets |
2,020,570 |
2,555,580 |
367,086 |
|||
Non-current assets: |
||||||
Property and equipment, net |
95,631 |
101,650 |
14,601 |
|||
Intangible assets, net |
97,448 |
99,280 |
14,261 |
|||
|
338,288 |
361,074 |
51,865 |
|||
Available-for-sale debt investments |
1,961,474 |
2,014,537 |
289,370 |
|||
Equity investments, net |
33,694 |
13,237 |
1,901 |
|||
Deferred tax assets |
60,160 |
73,688 |
10,585 |
|||
Operating lease right-of- use assets, net** |
- |
85,790 |
12,323 |
|||
Other non-current assets |
23,454 |
19,859 |
2,853 |
|||
Total non-current assets |
2,610,149 |
2,769,115 |
397,759 |
|||
Total assets |
4,630,719 |
5,324,695 |
764,845 |
|||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||
Current liabilities: |
||||||
Short-term loans |
267,665 |
- |
- |
|||
Accounts payable |
264,753 |
259,928 |
37,336 |
|||
Amounts due to related parties |
25,218 |
34,223 |
4,916 |
|||
Advances from customers |
54,601 |
55,900 |
8,030 |
|||
Taxes payable |
101,386 |
291,511 |
41,873 |
|||
Salary and welfare payable |
132,316 |
174,902 |
25,123 |
|||
Deposits in relation to future disposal of investment in Particle |
- |
355,212 |
51,023 |
|||
Accrued expenses and other current liabilities |
227,328 |
293,441 |
42,150 |
|||
Operating lease liabilities** |
- |
40,326 |
5,792 |
|||
Total current liabilities |
1,073,267 |
1,505,443 |
216,243 |
|||
Non-current liabilities: |
||||||
Deferred tax liabilities |
140,960 |
197,810 |
28,414 |
|||
Long-term liabilities |
26,131 |
27,612 |
3,966 |
|||
Operating lease liabilities** |
- |
49,937 |
7,173 |
|||
Total non-current liabilities |
167,091 |
275,359 |
39,553 |
|||
Total liabilities |
1,240,358 |
1,780,802 |
255,796 |
|||
Shareholders' equity: |
||||||
|
||||||
Class A ordinary shares |
17,487 |
17,499 |
2,514 |
|||
Class B ordinary shares |
22,053 |
22,053 |
3,168 |
|||
Additional paid-in capital |
1,604,588 |
1,611,484 |
231,475 |
|||
Statutory reserves |
87,620 |
88,583 |
12,724 |
|||
Retained earnings |
159,621 |
185,196 |
26,602 |
|||
Accumulated other comprehensive income |
1,188,358 |
1,405,814 |
201,932 |
|||
|
3,079,727 |
3,330,629 |
478,415 |
|||
Noncontrolling interests |
310,634 |
213,264 |
30,634 |
|||
Total shareholders' equity |
3,390,361 |
3,543,893 |
509,049 |
|||
Total liabilities and shareholders' equity |
4,630,719 |
5,324,695 |
764,845 |
|||
* Derived from audited financial statements included in the Company's Form 20-F dated |
|
|||||||||||||
Condensed Consolidated Statements of Comprehensive Income/(loss) |
|||||||||||||
(Amounts in thousands, except for number of shares and per share (or ADS) data) |
|||||||||||||
Three Months Ended |
Twelve Months Ended |
||||||||||||
|
|
|
|
|
|
|
|||||||
2018 |
2019 |
2019 |
2019 |
2018 |
2019 |
2019 |
|||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited* |
Unaudited |
Unaudited |
|||||||
Revenues: |
|||||||||||||
Net advertising revenues |
355,979 |
327,593 |
395,170 |
56,763 |
1,198,271 |
1,263,485 |
181,488 |
||||||
Paid service revenues |
43,255 |
52,626 |
75,723 |
10,877 |
179,108 |
267,577 |
38,435 |
||||||
Total revenues |
399,234 |
380,219 |
470,893 |
67,640 |
1,377,379 |
1,531,062 |
219,923 |
||||||
Cost of revenues |
(181,272) |
(194,268) |
(210,938) |
(30,300) |
(596,548) |
(768,302) |
(110,360) |
||||||
Gross profit |
217,962 |
185,951 |
259,955 |
37,340 |
780,831 |
762,760 |
109,563 |
||||||
Operating expenses: |
|||||||||||||
Sales and marketing expenses |
(155,522) |
(154,969) |
(176,587) |
(25,365) |
(537,562) |
(615,783) |
(88,452) |
||||||
General and administrative expenses |
(44,670) |
(43,131) |
(114,425) |
(16,436) |
(162,568) |
(271,788) |
(39,039) |
||||||
Technology and product development expenses |
(56,819) |
(60,735) |
(62,460) |
(8,972) |
(204,723) |
(242,757) |
(34,870) |
||||||
Changes in fair value of financial assets-contingent returnable |
- |
62,051 |
- |
- |
- |
62,051 |
8,913 |
||||||
Total operating expenses |
(257,011) |
(196,784) |
(353,472) |
(50,773) |
(904,853) |
(1,068,277) |
(153,448) |
||||||
Loss from operations |
(39,049) |
(10,833) |
(93,517) |
(13,433) |
(124,022) |
(305,517) |
(43,885) |
||||||
Other income/(loss): |
|||||||||||||
Interest income |
8,608 |
8,106 |
7,006 |
1,006 |
47,445 |
28,407 |
4,080 |
||||||
Interest expense |
(2,442) |
(252) |
(204) |
(29) |
(13,544) |
(5,089) |
(731) |
||||||
Foreign currency exchange (loss)/gain |
(317) |
6,134 |
1,003 |
144 |
6,849 |
7,892 |
1,134 |
||||||
Income/(loss) from equity method investments, net of impairments |
3,977 |
- |
- |
- |
5,352 |
(3,447) |
(495) |
||||||
Gain on disposal of available-for-sale debt investments, net of tax |
- |
- |
1,001,181 |
143,811 |
- |
1,001,181 |
143,811 |
||||||
Gain on disposal of convertible loans due from a related party |
- |
- |
- |
- |
10,565 |
- |
- |
||||||
Others, net |
9,854 |
5,608 |
8,178 |
1,175 |
21,848 |
20,816 |
2,990 |
||||||
(Loss)/income before tax |
(19,369) |
8,763 |
923,647 |
132,674 |
(45,507) |
744,243 |
106,904 |
||||||
Income tax expense |
(20,220) |
(6,732) |
(3,071) |
(442) |
(20,105) |
(20,241) |
(2,908) |
||||||
Net (loss)/income |
(39,589) |
2,031 |
920,576 |
132,232 |
(65,612) |
724,002 |
103,996 |
||||||
Net loss/(income) attributable to noncontrolling interests |
1,292 |
3,896 |
(8,822) |
(1,267) |
2,390 |
3,827 |
550 |
||||||
Net (loss)/income attributable to |
(38,297) |
5,927 |
911,754 |
130,965 |
(63,222) |
727,829 |
104,546 |
||||||
Net (loss)/income |
(39,589) |
2,031 |
920,576 |
132,232 |
(65,612) |
724,002 |
103,996 |
||||||
Other comprehensive income, net of tax: fair value remeasurement |
462,558 |
734,931 |
191,511 |
27,509 |
566,320 |
1,188,762 |
170,755 |
||||||
Other comprehensive loss, net of tax: reclassification from disposal |
- |
- |
(1,008,795) |
(144,904) |
- |
(1,008,795) |
(144,904) |
||||||
Other comprehensive (loss)/ income, net of tax: foreign currency |
(2,534) |
51,044 |
(31,306) |
(4,497) |
51,794 |
37,489 |
5,385 |
||||||
Comprehensive income |
420,435 |
788,006 |
71,986 |
10,340 |
552,502 |
941,458 |
135,232 |
||||||
Comprehensive loss/(income) attributable to noncontrolling interests |
1,292 |
3,896 |
(8,822) |
(1,267) |
2,390 |
3,827 |
550 |
||||||
Comprehensive income attributable to |
421,727 |
791,902 |
63,164 |
9,073 |
554,892 |
945,285 |
135,782 |
||||||
Net (loss)/income attributable to |
(38,297) |
5,927 |
911,754 |
130,965 |
(63,222) |
727,829 |
104,546 |
||||||
Net (loss)/income per Class A and Class B ordinary share: |
|||||||||||||
Basic |
(0.07) |
0.01 |
1.57 |
0.22 |
(0.11) |
1.25 |
0.18 |
||||||
Diluted |
(0.07) |
0.01 |
1.57 |
0.22 |
(0.11) |
1.25 |
0.18 |
||||||
Net (loss)/income per ADS (1 ADS represents 8 Class A ordinary shares): |
|||||||||||||
Basic |
(0.53) |
0.08 |
12.53 |
1.80 |
(0.87) |
10.00 |
1.44 |
||||||
Diluted |
(0.53) |
0.08 |
12.53 |
1.80 |
(0.87) |
10.00 |
1.44 |
||||||
Weighted average number of Class A and Class B ordinary shares |
|||||||||||||
Basic |
582,137,314 |
582,324,325 |
582,324,325 |
582,324,325 |
581,084,453 |
582,275,800 |
582,275,800 |
||||||
Diluted |
582,137,314 |
582,324,325 |
582,324,325 |
582,324,325 |
581,084,453 |
582,275,800 |
582,275,800 |
* Derived from audited financial statements included in the Company's Form 20-F dated |
|
|||||||||||||
Condensed Segments Information |
|||||||||||||
(Amounts in thousands) |
|||||||||||||
Three Months Ended |
Twelve Months Ended |
||||||||||||
|
|
|
|
|
|
|
|||||||
2018 |
2019 |
2019 |
2019 |
2018 |
2019 |
2019 |
|||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited* |
Unaudited |
Unaudited |
|||||||
Revenues: |
|||||||||||||
Net advertising service |
355,979 |
327,593 |
395,170 |
56,763 |
1,198,271 |
1,263,485 |
181,488 |
||||||
Paid services |
43,255 |
52,626 |
75,723 |
10,877 |
179,108 |
267,577 |
38,435 |
||||||
Total revenues |
399,234 |
380,219 |
470,893 |
67,640 |
1,377,379 |
1,531,062 |
219,923 |
||||||
Cost of revenues |
|||||||||||||
Net advertising service |
166,652 |
162,926 |
188,305 |
27,049 |
517,533 |
638,160 |
91,666 |
||||||
Paid services |
14,620 |
31,342 |
22,633 |
3,251 |
79,015 |
130,142 |
18,694 |
||||||
Total cost of revenues |
181,272 |
194,268 |
210,938 |
30,300 |
596,548 |
768,302 |
110,360 |
||||||
Gross profit |
|||||||||||||
Net advertising service |
189,327 |
164,667 |
206,865 |
29,714 |
680,738 |
625,325 |
89,822 |
||||||
Paid services |
28,635 |
21,284 |
53,090 |
7,626 |
100,093 |
137,435 |
19,741 |
||||||
Total gross profit |
217,962 |
185,951 |
259,955 |
37,340 |
780,831 |
762,760 |
109,563 |
* Derived from audited financial statements included in the Company's Form 20-F dated |
|
|||||||||||||
Condensed Information of Cost of Revenues |
|||||||||||||
(Amounts in thousands) |
|||||||||||||
Three Months Ended |
Twelve Months Ended |
||||||||||||
|
|
|
|
|
|
|
|||||||
2018 |
2019 |
2019 |
2019 |
2018 |
2019 |
2019 |
|||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited* |
Unaudited |
Unaudited |
|||||||
Revenue sharing fees |
13,201 |
17,363 |
11,304 |
1,624 |
47,539 |
59,672 |
8,571 |
||||||
Content and operational costs |
153,866 |
161,600 |
183,288 |
26,328 |
491,868 |
648,195 |
93,108 |
||||||
Bandwidth costs |
14,205 |
15,305 |
16,346 |
2,348 |
57,141 |
60,435 |
8,681 |
||||||
Total cost of revenues |
181,272 |
194,268 |
210,938 |
30,300 |
596,548 |
768,302 |
110,360 |
* Derived from audited financial statements included in the Company's Form 20-F dated |
Reconciliations of Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures |
|||||||||||||||||
(Amounts in thousands, except for number of ADSs and per ADS data) |
|||||||||||||||||
Three Months Ended |
Three Months Ended |
Three Months Ended |
|||||||||||||||
GAAP |
Non-GAAP |
Non- |
GAAP |
Non-GAAP |
Non- |
GAAP |
Non-GAAP |
Non- |
|||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
|||||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
|||||||||
Gross profit |
217,962 |
2,469 |
(1) |
220,431 |
185,951 |
1,879 |
(1) |
187,830 |
259,955 |
1,617 |
(1) |
261,572 |
|||||
Gross margin |
54.6% |
55.2% |
48.9% |
49.4% |
55.2% |
55.5% |
|||||||||||
4,614 |
(1) |
5,277 |
(1) |
6,730 |
(1) |
||||||||||||
- |
(2) |
(62,051) |
(2) |
- |
(2) |
||||||||||||
Loss from operations |
(39,049) |
4,614 |
(34,435) |
(10,833) |
(56,774) |
(67,607) |
(93,517) |
6,730 |
(86,787) |
||||||||
Operating margin |
(9.8)% |
(8.6)% |
(2.8)% |
(17.8)% |
(19.9)% |
(18.4)% |
|||||||||||
4,614 |
(1) |
5,277 |
(1) |
6,730 |
(1) |
||||||||||||
- |
(2) |
(62,051) |
(2) |
- |
(2) |
||||||||||||
(3,977) |
(3) |
- |
(3) |
- |
(3) |
||||||||||||
- |
(4) |
- |
(4) |
(1,001,181) |
(4) |
||||||||||||
Net (loss)/income attributable |
(38,297) |
637 |
(37,660) |
5,927 |
(56,774) |
(50,847) |
911,754 |
(994,451) |
(82,697) |
||||||||
Net margin |
(9.6)% |
(9.4)% |
1.6% |
(13.4)% |
193.6% |
(17.6)% |
|||||||||||
Net (loss)/income per |
(0.53) |
(0.52) |
0.08 |
(0.70) |
12.53 |
(1.14) |
|||||||||||
Weighted average number |
72,767,164 |
72,767,164 |
72,790,541 |
72,790,541 |
72,790,541 |
72,790,541 |
(1) Share-based compensation |
Reconciliations of Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures |
|||||||||||
(Amounts in thousands, except for number of ADSs and per ADS data) |
|||||||||||
Twelve Months Ended |
Twelve Months Ended |
||||||||||
GAAP |
Non-GAAP |
Non- |
GAAP |
Non-GAAP |
Non- |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
||||||
Gross profit |
780,831 |
3,750 |
(1) |
784,581 |
762,760 |
6,830 |
(1) |
769,590 |
|||
Gross margin |
56.7% |
57.0% |
49.8% |
50.3% |
|||||||
13,989 |
(1) |
20,221 |
(1) |
||||||||
- |
(2) |
(62,051) |
(2) |
||||||||
Loss from operations |
(124,022) |
13,989 |
(110,033) |
(305,517) |
(41,830) |
(347,347) |
|||||
Operating margin |
(9.0)% |
(8.0)% |
(20.0)% |
(22.7)% |
|||||||
13,989 |
(1) |
20,221 |
(1) |
||||||||
- |
(2) |
(62,051) |
(2) |
||||||||
(5,352) |
(3) |
3,447 |
(3) |
||||||||
- |
(4) |
(1,001,181) |
(4) |
||||||||
Net (loss)/income attributable to |
(63,222) |
8,637 |
(54,585) |
727,829 |
(1,039,564) |
(311,735) |
|||||
Net margin |
(4.6)% |
(4.0)% |
47.5% |
(20.4)% |
|||||||
Net (loss)/income per ADS-diluted |
(0.87) |
(0.75) |
10.00 |
(4.28) |
|||||||
Weighted average number of ADSs used in computing diluted net (loss)/income per ADS |
72,635,557 |
72,635,557 |
72,784,475 |
72,784,475 |
(1) Share-based compensation |
View original content:http://www.prnewswire.com/news-releases/phoenix-new-media-reports-fourth-quarter-and-fiscal-year-2019-unaudited-financial-results-301028225.html
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