QUOTE AND NEWS
Benzinga  Feb 26  Comment 
In a report published Wednesday, Morgan Stanley analyst Philip Wan reiterated an Equal-Weight rating on Phoenix New Media Ltd. (NYSE: FENG), but removed the $10.20 price target. In the report, Morgan Stanley noted, “Total net revenues grew...
SeekingAlpha  Feb 26  Comment 
Start Time: 20:03 End Time: 21:01 Phoenix New Media Limited (FENG) Q4 2013 Earnings Conference Call February 25, 2014 8:00 PM ET Executives Matthew Zhao – Manager-Investor Relations Shuang Liu – Chief Executive Officer ...
SeekingAlpha  Dec 10  Comment 
By Toro Investment Partners: Since our first report on 8/8/13, Phoenix New Media ("FENG", or "the Company") reported two consecutive quarters of strong earnings. The market's response to each earnings release was surprisingly divergent. After...
Benzinga  Nov 14  Comment 
In a report published Thursday, J.P. Morgan analyst Alex Yao reiterated an Overweight rating on Phoenix New Media Ltd. (NYSE: FENG), and raised the price target from $14.00 to $15.00. In the report, J.P. Morgan noted, “3Q results demonstrate...
StreetInsider.com  Oct 28  Comment 
New Concept Energy, Inc. (AMEX: GBR) % HIGHER; the NYSE MKT has contacted the company in accordance with its usual practice. The company stated that its policy is not to comment on unusual market activity. Phoenix New Media Limited (NYSE: FENG)...
Benzinga  Sep 30  Comment 
Phoenix New Media Limited (NYSE: FENG) today announced that it entered into a strategic partnership with China Unicom (NYSE: CHU), China's second largest mobile operator, to offer a "Wo+ifeng" mobile video data package to China Unicom 3G...
Benzinga  Aug 30  Comment 
In a report published Friday, J.P. Morgan analyst Alex Yao initiated coverage on Phoenix New Media Ltd. (NYSE: FENG) with an Overweight rating and $11.00 price target. In the report, J.P. Morgan noted, “We initiate coverage on Phoenix New...
Benzinga  Aug 9  Comment 
Phoenix New Media Limited ("Phoenix New Media", "ifeng" or the "Company") (NYSE: FENG), a leading new media company in China, today announced that due to scheduling conflicts, the Company has changed the start time of its second quarter 2013...
Benzinga  Mar 8  Comment 
Deutsche Bank upgraded Phoenix New Media (NYSE: FENG) from Hold to Buy and raised the price target from $3.65 to $4.87. Deutsche Bank noted, "We expect Phoenix New Media's EPS growth to recover to 27% in 2013 (up from our previous forecast of...




 
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Phoenix New Media Limited (NYSE:FENG) is Chinese media company which operates a platform from which users can access professional news, general content, and add user-generated content. While most of the content is accessed via mobile and internet-enable devices, Phoenix New Media operates a TV network. The company makes money through two main channels. First, it charges users for paid services such as content subscriptions, pay-per-view videos, and game services. Second, Phoenix New Media sells advertising space on its websites, videos, and mobile devices. [1]

The business model of most Chinese media companies depend on the growth of the middle class in China and the resulting increase in internet usage in China. However, Phoenix New Media focuses on delivering premium, high quality content to the affluent and highly educated groups in China. While many media companies are relatively new and appeal to younger generations, Phoenix relies on older generations who retain interests in more traditional media sources.[2]

The company's initial public offering of stock on the NYSE occurred on May 11, 2011. The company offered 12.78M ADSs each for $11. This was at the midpoint of the $12- $14 initial price range. This offering raised a total of $140M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), and Macquarie Capital.[3]

For the full year 2010, Phoenix New Media reported a total revenue of $80M. During the same period, the company's net income was $11.2M. Both the total revenue and net income for 2010 were substantial increases over the previous year's.[4]

  1. FENG F-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1
  2. FENG F-1/A 2011 PROSPECTUS SUMMARY "our Industry" pg 3
  3. Renaissance Capital - IPO Home "Phoenix New Media prices IPO at $11, below the range" 12 May 2011
  4. FENG F-1/A 2011 PROSPECTUS SUMMARY "Our Summary Consolidated Financial Data" pg 14-15
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