Phoenix New Media Q3 2026 net loss widens to RMB 24.3 million; revenues rise 8% to RMB 217.6 million
FENG•Phoenix New Media’s third-quarter net loss attributable to shareholders widened to RMB 24.3 million, while total revenues rose 8% year over year to RMB 217.6 million. The company expects fourth-quarter revenues of RMB 236.7 million to RMB 251.7 million.
1. Third-quarter results
Phoenix New Media’s third-quarter 2026 net loss attributable to shareholders widened to RMB 24.3 million. Total revenues increased 8% year over year to RMB 217.6 million, primarily due to higher paid services revenues, while its operating loss narrowed 76% to RMB 3.2 million.
2. Paid services and outlook
Paid services revenues climbed 64% to RMB 68.4 million, with digital reading services through third-party mini-programs driving paid content growth. Phoenix New Media expects fourth-quarter 2026 total revenues of RMB 236.7 million to RMB 251.7 million.
