Company News
Mr.
Mr.
Second Quarter 2021 Financial Results
As disclosed in the second quarter 2020 unaudited financial results announcement made on
REVENUES
Total revenues in the second quarter of 2021 decreased by 17.8% to
Net advertising revenues in the second quarter of 2021 decreased by 18.6% to
Paid services revenues[1] in the second quarter of 2021 decreased by 8.8% to
[1] Prior to 2021, paid services revenues comprised of (i) revenues from paid contents, which included digital reading, audio books, paid videos, and other content-related sales activities, (ii) revenues from games, which included web-based games and mobile games, (iii) revenues from MVAS, and (iv) revenues from others. |
As revenues from games and revenues from MVAS were small and had been declining for the past years, to better reflect the Company's paid services revenues disaggregated by products and services, beginning from |
COST OF REVENUES
Cost of revenues in the second quarter of 2021 increased by 9.9% to
- Content and operational costs in the second quarter of 2021 increased by 10.2% to
RMB118.4 million (US$18.3 million ) fromRMB107.4 million in the same period of 2020, mainly caused by the resumption of offline activities in the second quarter of 2021 as compared to decreased operational activities due to COVID-19 impact in the same period of 2020 inChina . - Revenue sharing fees in the second quarter of 2021 increased by 78.3% to
RMB4.1 million (US$0.6 million ) fromRMB2.3 million in the same period of 2020, primarily attributable to the increase in revenue sharing fees paid to channel partners.
The increase was partially offset by the following:
- Bandwidth costs in the second quarter of 2021 decreased by 3.3% to
RMB14.5 million (US$2.3 million ) fromRMB15.0 million in the same period of 2020.
GROSS PROFIT
Gross profit in the second quarter of 2021 decreased by 36.2% 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 excluded 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 second quarter of 2021, excluding share-based compensation, decreased to 47.0% from 60.3% in the same period of 2020.
OPERATING EXPENSES AND LOSS FROM OPERATIONS
Total operating expenses in the second quarter of 2021 decreased by 4.6% to
Loss from operations in the second quarter of 2021 was
Non-GAAP loss from operations in the second quarter of 2021, which excluded share-based compensation, was
OTHER INCOME OR LOSS
Other income or loss reflects net interest income, foreign currency exchange gain or loss, income or loss from equity method investments, net of impairment, changes in fair value of loan related to co-sale of Particle shares, changes in fair value of forward contract in relation to disposal of investments in Particle and others, net[2]. Total net other income in the second quarter of 2021 was
- Net interest income in the second quarter of 2021 increased to
RMB12.5 million (US$1.9 million ) fromRMB4.9 million in the same period of 2020. - Foreign currency exchange gain in the second quarter of 2021 was
RMB6.9 million (US$1.1 million ), compared toRMB0.1 million in the same period of 2020. - Loss from equity method investments, net of impairment, in the second quarter of 2021 was
RMB0.3 million (US$0.05 million ), compared to nil in the same period of 2020. - Changes in fair value of loan related to co-sale of Particle shares in the second quarter of 2021 was nil, compared to a loss of
RMB20.0 million in the same period of 2020. - Changes in fair value of forward contract in relation to disposal of investments in Particle in the second quarter of 2021 was nil, compared to a gain of
RMB1.3 million in the same period of 2020. - Others, net, in the second quarter of 2021 decreased to
RMB4.9 million (US$0.8 million ), fromRMB8.6 million in the same period of 2020.
[2] "Others, net" primarily consists of government subsidies and litigation loss provisions. |
NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO PHOENIX NEW MEDIA LIMITED
Net loss from continuing operations attributable to
Non-GAAP net loss from continuing operations attributable to
In the second quarter of 2021, 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. |
CERTAIN BALANCE SHEET ITEMS
As of
Recent Regulatory Developments in
There have been certain recent regulatory developments in
- The PRC Data Security Law was promulgated and will take effect in
September 2021 , which imposes data security and privacy protection obligations on any person carrying out data activities, and provides for a national security review procedure for data activities that may affect national security.The Cyberspace Administration of China issued a revised draft of the Measures for Cybersecurity Review inJuly 2021 for public comments, which would require any "data processor" carrying out data processing activities that affect or may affect national security to be subject to cybersecurity review. The revised draft Measures for Cybersecurity Review have not been adopted and it remains unclear whether the final version to be adopted will include any changes. The General Office of the Communist Party of China Central Committee and theGeneral Office of the State Council jointly promulgated the Opinions on Strictly Cracking Down on Illegal Securities Activities inJuly 2021 which, among others, required relevant PRC governmental authorities to improve laws and regulations on data security, cross-border data transfer and management of classified information, especially as it relates to confidentiality and file management of overseas securities offering and listing. The Opinions also required relevant PRC government authorities to enhance supervision ofChina -based companies that are listed overseas and accelerate the establishment of a regulatory scheme for such companies.
These laws and regulations are new and some of them require further actions of the relevant PRC government authorities. There remain substantial uncertainties as to their implementation and interpretation. The Company is closely monitoring these regulatory developments and endeavor to fully comply with the laws and regulations as they are adopted and implemented. The Company's business involves the collection and processing of various types of data. The Company conducts its business through subsidiaries and affiliated consolidated entities in
Business Outlook
For the third quarter of 2021, the Company expects its total revenues to be between
All of the above forecasts reflect the current and preliminary view of the Company's management, which are subject to change and substantial uncertainty, particularly in view of the potential impact of the COVID-19 outbreak, the effects of which are difficult to analyse and predict.
Conference Call Information
The Company will hold a conference call at 9:00 p.m. U.
To participate in the call, please register in advance of the conference by navigating to http://apac.directeventreg.com/registration/event/7091964. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode and unique registrant ID by email. Please dial in 10 minutes prior to the call, using the participant dial-in numbers, Direct Event Passcode and unique registrant ID which would be provided upon registering. You will be automatically linked to the live call after completion of this process.
A replay of the call will be available through
International: |
+61 2 8199 0299 |
|
Mainland |
4006322162 |
|
|
+852 30512780 |
|
|
+1 646 254 3697 |
|
Conference ID: |
7091964 |
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
ICR, Inc.
Tel: +1 (646) 405-4883
Email: investorrelations@ifeng.com
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Condensed Consolidated Balance Sheets |
||||||||
(Amounts in thousands) |
||||||||
|
|
|
||||||
2020* |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
||||||
Audited |
Unaudited |
Unaudited |
||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
357,796 |
145,207 |
22,490 |
|||||
Term deposits and short term investments |
1,280,033 |
1,442,172 |
223,364 |
|||||
Restricted cash |
31,039 |
19,819 |
3,070 |
|||||
Accounts receivable, net |
675,616 |
546,307 |
84,612 |
|||||
Amounts due from related parties |
32,587 |
35,175 |
5,448 |
|||||
Prepayment and other current assets |
42,846 |
41,049 |
6,357 |
|||||
Total current assets |
2,419,917 |
2,229,729 |
345,341 |
|||||
Non-current assets: |
||||||||
Property and equipment, net |
62,649 |
44,211 |
6,847 |
|||||
Intangible assets, net |
12,396 |
12,991 |
2,012 |
|||||
Available-for-sale debt investments |
36,662 |
34,656 |
5,368 |
|||||
Equity investments, net |
94,821 |
108,394 |
16,788 |
|||||
Deferred tax assets |
86,867 |
94,444 |
14,628 |
|||||
Operating lease right-of-use assets, net |
49,487 |
34,261 |
5,306 |
|||||
Other non-current assets |
9,753 |
8,864 |
1,373 |
|||||
Total non-current assets |
352,635 |
337,821 |
52,322 |
|||||
Total assets |
2,772,552 |
2,567,550 |
397,663 |
|||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current liabilities: |
||||||||
Accounts payable |
221,203 |
182,331 |
28,239 |
|||||
Amounts due to related parties |
34,420 |
34,092 |
5,280 |
|||||
Advances from customers |
38,835 |
32,752 |
5,073 |
|||||
Taxes payable |
402,610 |
400,452 |
62,022 |
|||||
Salary and welfare payable |
156,599 |
98,460 |
15,250 |
|||||
Accrued expenses and other current liabilities |
172,376 |
131,387 |
20,350 |
|||||
Operating lease liabilities |
36,370 |
31,737 |
4,915 |
|||||
Total current liabilities |
1,062,413 |
911,211 |
141,129 |
|||||
Non-current liabilities: |
||||||||
Deferred tax liabilities |
1,312 |
1,312 |
203 |
|||||
Long-term liabilities |
28,182 |
28,182 |
4,365 |
|||||
Operating lease liabilities |
16,672 |
2,900 |
449 |
|||||
Total non-current liabilities |
46,166 |
32,394 |
5,017 |
|||||
Total liabilities |
1,108,579 |
943,605 |
146,146 |
|||||
Shareholders' equity: |
||||||||
|
||||||||
Class A ordinary shares |
17,499 |
17,499 |
2,710 |
|||||
Class B ordinary shares |
22,053 |
22,053 |
3,416 |
|||||
Additional paid-in capital |
1,620,580 |
1,626,528 |
251,917 |
|||||
Statutory reserves |
92,017 |
93,259 |
14,444 |
|||||
Accumulated deficit |
(88,191) |
(125,709) |
(19,470) |
|||||
Accumulated other comprehensive loss |
(28,214) |
(32,066) |
(4,966) |
|||||
|
1,635,744 |
1,601,564 |
248,051 |
|||||
Noncontrolling interests |
28,229 |
22,381 |
3,466 |
|||||
Total shareholders' equity |
1,663,973 |
1,623,945 |
251,517 |
|||||
Total liabilities and shareholders' equity |
2,772,552 |
2,567,550 |
397,663 |
|||||
* Derived from audited financial statements included in the Company's Form 20-F dated |
|
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Condensed Consolidated Statements of Comprehensive Income/(loss) |
||||||||||||||||||||||||||
(Amounts in thousands, except for number of shares and per share (or ADS) data) |
||||||||||||||||||||||||||
Three Months Ended |
Six Months Ended |
|||||||||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||||
2020 |
2021 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||||||||||||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||||||||||||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||||||||
Net advertising revenues |
286,346 |
201,313 |
232,988 |
36,085 |
495,056 |
434,301 |
67,265 |
|||||||||||||||||||
Paid service revenues |
25,935 |
24,778 |
23,730 |
3,675 |
48,601 |
48,508 |
7,513 |
|||||||||||||||||||
Total revenues |
312,281 |
226,091 |
256,718 |
39,760 |
543,657 |
482,809 |
74,778 |
|||||||||||||||||||
Cost of revenues |
(124,728) |
(108,104) |
(137,035) |
(21,224) |
(230,026) |
(245,139) |
(37,967) |
|||||||||||||||||||
Gross profit |
187,553 |
117,987 |
119,683 |
18,536 |
313,631 |
237,670 |
36,811 |
|||||||||||||||||||
Operating expenses: |
||||||||||||||||||||||||||
Sales and marketing expenses |
(57,247) |
(64,843) |
(65,368) |
(10,124) |
(138,870) |
(130,211) |
(20,167) |
|||||||||||||||||||
General and administrative expenses |
(62,161) |
(54,828) |
(50,665) |
(7,847) |
(132,433) |
(105,493) |
(16,339) |
|||||||||||||||||||
Technology and product development |
(42,555) |
(40,275) |
(38,429) |
(5,952) |
(87,666) |
(78,704) |
(12,190) |
|||||||||||||||||||
Total operating expenses |
(161,963) |
(159,946) |
(154,462) |
(23,923) |
(358,969) |
(314,408) |
(48,696) |
|||||||||||||||||||
Income/(loss) from operations |
25,590 |
(41,959) |
(34,779) |
(5,387) |
(45,338) |
(76,738) |
(11,885) |
|||||||||||||||||||
Other income/(loss): |
||||||||||||||||||||||||||
Interest income, net |
4,918 |
10,740 |
12,539 |
1,942 |
11,320 |
23,279 |
3,605 |
|||||||||||||||||||
Foreign currency exchange gain/(loss) |
83 |
(2,765) |
6,862 |
1,063 |
(1,645) |
4,097 |
635 |
|||||||||||||||||||
Loss from equity method investments, net |
- |
(107) |
(320) |
(50) |
(236) |
(427) |
(66) |
|||||||||||||||||||
Changes in fair value of loan related to |
(20,049) |
- |
- |
- |
(20,049) |
- |
- |
|||||||||||||||||||
Changes in fair value of forward |
1,341 |
- |
- |
- |
16,085 |
- |
- |
|||||||||||||||||||
Others, net |
8,635 |
4,670 |
4,925 |
763 |
13,751 |
9,595 |
1,486 |
|||||||||||||||||||
Income/(loss) from continuing operations |
20,518 |
(29,421) |
(10,773) |
(1,669) |
(26,112) |
(40,194) |
(6,225) |
|||||||||||||||||||
Income tax expense |
(3,216) |
(250) |
(1,486) |
(230) |
(2,459) |
(1,736) |
(269) |
|||||||||||||||||||
Net income/(loss) from continuing operations |
17,302 |
(29,671) |
(12,259) |
(1,899) |
(28,571) |
(41,930) |
(6,494) |
|||||||||||||||||||
Net loss from discontinued operations, net |
(17,869) |
- |
- |
- |
(62,366) |
- |
- |
|||||||||||||||||||
Net loss |
(567) |
(29,671) |
(12,259) |
(1,899) |
(90,937) |
(41,930) |
(6,494) |
|||||||||||||||||||
Net loss/(income) attributable to |
||||||||||||||||||||||||||
Net (income)/loss from continuing |
(14,536) |
498 |
5,157 |
799 |
(7,282) |
5,655 |
876 |
|||||||||||||||||||
Net loss from discontinued operations |
1,884 |
- |
- |
- |
24,759 |
- |
- |
|||||||||||||||||||
Net loss/(income) attributable to |
(12,652) |
498 |
5,157 |
799 |
17,477 |
5,655 |
876 |
|||||||||||||||||||
Net income/(loss) attributable to Phoenix |
||||||||||||||||||||||||||
Net income/(loss) from continuing |
2,766 |
(29,173) |
(7,102) |
(1,100) |
(35,853) |
(36,275) |
(5,618) |
|||||||||||||||||||
Net loss from discontinued operations |
(15,985) |
- |
- |
- |
(37,607) |
- |
- |
|||||||||||||||||||
Net loss attributable to Phoenix New |
(13,219) |
(29,173) |
(7,102) |
(1,100) |
(73,460) |
(36,275) |
(5,618) |
|||||||||||||||||||
Net loss |
(567) |
(29,671) |
(12,259) |
(1,899) |
(90,937) |
(41,930) |
(6,494) |
|||||||||||||||||||
Other comprehensive loss, net of tax: fair |
(886,110) |
(1,730) |
- |
- |
(886,110) |
(1,730) |
(268) |
|||||||||||||||||||
Other comprehensive (loss)/income, net of |
(1,602) |
2,017 |
(4,140) |
(641) |
28,826 |
(2,123) |
(329) |
|||||||||||||||||||
Comprehensive loss |
(888,279) |
(29,384) |
(16,399) |
(2,540) |
(948,221) |
(45,783) |
(7,091) |
|||||||||||||||||||
Comprehensive (income)/loss attributable |
(12,652) |
498 |
5,157 |
799 |
17,477 |
5,655 |
876 |
|||||||||||||||||||
Comprehensive loss attributable to |
(900,931) |
(28,886) |
(11,242) |
(1,741) |
(930,744) |
(40,128) |
(6,215) |
|||||||||||||||||||
Basic net loss per Class A and Class B |
||||||||||||||||||||||||||
-Continuing operations |
- |
(0.05) |
(0.01) |
- |
(0.06) |
(0.06) |
(0.01) |
|||||||||||||||||||
-Discontinued operations |
(0.02) |
- |
- |
- |
(0.07) |
- |
- |
|||||||||||||||||||
Basic net loss per Class A and Class B |
(0.02) |
(0.05) |
(0.01) |
- |
(0.13) |
(0.06) |
(0.01) |
|||||||||||||||||||
Diluted net loss per Class A and Class B |
||||||||||||||||||||||||||
-Continuing operations |
- |
(0.05) |
(0.01) |
- |
(0.06) |
(0.06) |
(0.01) |
|||||||||||||||||||
-Discontinued operations |
(0.02) |
- |
- |
- |
(0.07) |
- |
- |
|||||||||||||||||||
Diluted net loss per Class A and Class B |
(0.02) |
(0.05) |
(0.01) |
- |
(0.13) |
(0.06) |
(0.01) |
|||||||||||||||||||
Basic income/(loss) per ADS (1 ADS |
||||||||||||||||||||||||||
-Continuing operations |
0.04 |
(0.40) |
(0.10) |
(0.02) |
(0.49) |
(0.50) |
(0.08) |
|||||||||||||||||||
-Discontinued operations |
(0.22) |
- |
- |
- |
(0.52) |
- |
- |
|||||||||||||||||||
Basic net loss per ADS (1 ADS represents |
(0.18) |
(0.40) |
(0.10) |
(0.02) |
(1.01) |
(0.50) |
(0.08) |
|||||||||||||||||||
Diluted net income/(loss) per ADS (1 ADS |
||||||||||||||||||||||||||
-Continuing operations |
0.04 |
(0.40) |
(0.10) |
(0.02) |
(0.49) |
(0.50) |
(0.08) |
|||||||||||||||||||
-Discontinued operations |
(0.22) |
- |
- |
- |
(0.52) |
- |
- |
|||||||||||||||||||
Diluted net loss per ADS (1 ADS |
(0.18) |
(0.40) |
(0.10) |
(0.02) |
(1.01) |
(0.50) |
(0.08) |
|||||||||||||||||||
Weighted average number of Class A and |
||||||||||||||||||||||||||
Basic |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
|||||||||||||||||||
Diluted |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
582,324,325 |
|
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Condensed Segments Information |
||||||||||||||||||||||||||
(Amounts in thousands) |
||||||||||||||||||||||||||
Three Months Ended |
Six Months Ended |
|||||||||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||||
2020 |
2021 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||||||||||||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||||||||||||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||||||||
Net advertising service |
286,346 |
201,313 |
232,988 |
36,085 |
495,056 |
434,301 |
67,265 |
|||||||||||||||||||
Paid services |
25,935 |
24,778 |
23,730 |
3,675 |
48,601 |
48,508 |
7,513 |
|||||||||||||||||||
Total revenues |
312,281 |
226,091 |
256,718 |
39,760 |
543,657 |
482,809 |
74,778 |
|||||||||||||||||||
Cost of revenues |
||||||||||||||||||||||||||
Net advertising service |
117,536 |
101,255 |
129,772 |
20,099 |
214,769 |
231,027 |
35,781 |
|||||||||||||||||||
Paid services |
7,192 |
6,849 |
7,263 |
1,125 |
15,257 |
14,112 |
2,186 |
|||||||||||||||||||
Total cost of revenues |
124,728 |
108,104 |
137,035 |
21,224 |
230,026 |
245,139 |
37,967 |
|||||||||||||||||||
Gross profit |
||||||||||||||||||||||||||
Net advertising service |
168,810 |
100,058 |
103,216 |
15,986 |
280,287 |
203,274 |
31,484 |
|||||||||||||||||||
Paid services |
18,743 |
17,929 |
16,467 |
2,550 |
33,344 |
34,396 |
5,327 |
|||||||||||||||||||
Total gross profit |
187,553 |
117,987 |
119,683 |
18,536 |
313,631 |
237,670 |
36,811 |
|
||||||||||||||||||||||||||
Condensed Information of Cost of Revenues |
||||||||||||||||||||||||||
(Amounts in thousands) |
||||||||||||||||||||||||||
Three Months Ended |
Six Months Ended |
|||||||||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||||
2020 |
2021 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||||||||||||||||
RMB |
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||||||||||||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
||||||||||||||||||||
Revenue sharing fees |
2,371 |
2,571 |
4,083 |
632 |
6,627 |
6,654 |
1,031 |
|||||||||||||||||||
Content and operational costs |
107,404 |
91,717 |
118,416 |
18,341 |
194,434 |
210,133 |
32,545 |
|||||||||||||||||||
Bandwidth costs |
14,953 |
13,816 |
14,536 |
2,251 |
28,965 |
28,352 |
4,391 |
|||||||||||||||||||
Total cost of revenues |
124,728 |
108,104 |
137,035 |
21,224 |
230,026 |
245,139 |
37,967 |
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 Adjustments |
Non- GAAP |
GAAP |
Non-GAAP Adjustments |
Non- GAAP |
GAAP |
Non-GAAP Adjustments |
Non- GAAP |
|||||||||||||||||||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
|||||||||||||||||||||||||||||||||
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
|||||||||||||||||||||||||||||||||
Gross profit |
187,553 |
842 |
(1) |
188,395 |
117,987 |
268 |
(1) |
118,255 |
119,683 |
1,067 |
(1) |
120,750 |
|||||||||||||||||||||||||||||
Gross margin |
60.1 |
% |
60.3 |
% |
52.2 |
% |
52.3 |
% |
46.6 |
% |
47.0 |
% |
|||||||||||||||||||||||||||||
2,225 |
(1) |
1,288 |
(1) |
4,707 |
(1) |
||||||||||||||||||||||||||||||||||||
Income/(loss) from operations |
25,590 |
2,225 |
27,815 |
(41,959) |
1,288 |
(40,671) |
(34,779) |
4,707 |
(30,072) |
||||||||||||||||||||||||||||||||
Operating margin |
8.2 |
% |
8.9 |
% |
(18.6) |
% |
(18.0) |
% |
(13.5) |
% |
(11.7) |
% |
|||||||||||||||||||||||||||||
2,225 |
(1) |
1,288 |
(1) |
4,707 |
(1) |
||||||||||||||||||||||||||||||||||||
- |
(2) |
107 |
(2) |
320 |
(2) |
||||||||||||||||||||||||||||||||||||
(1,341) |
(3) |
- |
(3) |
- |
(3) |
||||||||||||||||||||||||||||||||||||
20,049 |
(4) |
- |
(4) |
- |
(4) |
||||||||||||||||||||||||||||||||||||
Net income/(loss) from continuing |
2,766 |
20,933 |
23,699 |
(29,173) |
1,395 |
(27,778) |
(7,102) |
5,027 |
(2,075) |
||||||||||||||||||||||||||||||||
Net margin |
0.9 |
% |
7.6 |
% |
(12.9) |
% |
(12.3) |
% |
(2.8) |
% |
(0.8) |
% |
|||||||||||||||||||||||||||||
Net income/(loss) per ADS-diluted |
0.04 |
0.33 |
(0.40) |
(0.38) |
(0.10) |
(0.03) |
|||||||||||||||||||||||||||||||||||
Weighted average number of ADSs |
72,790,541 |
72,790,541 |
72,790,541 |
72,790,541 |
72,790,541 |
72,790,541 |
|||||||||||||||||||||||||||||||||||
(1) Share-based compensation |
|||||||||||||||||||||||||||||||||||||||||
(2) Loss from equity method investments, net of impairment |
|||||||||||||||||||||||||||||||||||||||||
(3) Changes in fair value of forward contract in relation to disposal of investments in Particle |
|||||||||||||||||||||||||||||||||||||||||
(4) Changes in fair value of loan related to co-sale of Particle shares |
View original content:https://www.prnewswire.com/news-releases/phoenix-new-media-reports-second-quarter-2021-unaudited-financial-results-301355713.html
SOURCE