Phoenix New Media Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CNY 153.61 million compared to CNY 194.77 million a year ago. Net loss was CNY 21.5 million compared to net income of CNY 24.33 million a year ago. Basic loss per share from continuing operations was CNY 1.92 compared to basic earnings per share from continuing operations of CNY 1.92 a year ago. Diluted loss per share from continuing operations was CNY 1.92 compared to diluted earnings per share from continuing operations of CNY 1.92 a year ago.
For the nine months, revenue was CNY 480.18 million compared to CNY 561.79 million a year ago. Net loss was CNY 110.61 million compared to CNY 151.21 million a year ago. Basic loss per share from continuing operations was CNY 9.12 compared to CNY 12.48 a year ago. Diluted loss per share from continuing operations was CNY 9.12 compared to CNY 12.48 a year ago.