Phoenix New Media (FENG) Operating Expenses (2010 - 2026)

Phoenix New Media's (FENG) quarterly Operating Expenses came in at -$19.0 million in Q1 2026, down 36.23% year-on-year from -$29.8 million in Q1 2025, and down 33.77% quarter-over-quarter from -$14.2 million in Q4 2025.

Phoenix New Media (FENG) Operating Expenses (2010 - 2026) Analysis & Trends

Phoenix New Media has disclosed Operating Expenses across 17 years of filings, most recently posting -$19.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$19.0 million, down 36.23% year-over-year; the trailing twelve-month figure through Mar 2026 was -$62.3 million (down 26.93% YoY), and the FY2025 annual result was -$58.4 million, down 27.89% from the prior year.
  • Operating Expenses came in at -$19.0 million for Q1 2026 at Phoenix New Media, down from -$14.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$6004.0 in Q4 2022 to a low of -$22.1 million in Q1 2022.
  • The 5-year median for Operating Expenses is -$13.9 million (2025), against an average of -$13.6 million.
  • Across the five-year window, Operating Expenses jumped 99.98% in 2022 and slumped 160293.07% in 2023, its largest moves.
  • Phoenix New Media's Operating Expenses stood at -$6004.0 in 2022, then tumbled by 160293.07% to -$9.6 million in 2023, then slipped by 28.46% to -$12.4 million in 2024, then fell by 14.68% to -$14.2 million in 2025, then sank by 33.77% to -$19.0 million in 2026.
  • The last three Operating Expenses figures came in at -$19.0 million (Q1 2026), -$14.2 million (Q4 2025), and -$15.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 527.00 Mn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 70.20 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 33.44 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 512.79 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 480.50 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 1.09 Bn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -209.66 Bn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 1.60 Bn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 483.00 Mn
10 Phoenix New Media 147.13 Mn -2.98 Mn 14.64 Mn -18.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -18.98 Mn
Dec 31, 2025 -14.19 Mn
Sep 30, 2025 -15.31 Mn
Jun 30, 2025 -13.85 Mn
Mar 31, 2025 -13.93 Mn
Dec 31, 2024 -12.37 Mn
Sep 30, 2024 -12.57 Mn
Jun 30, 2024 -10.23 Mn
Mar 31, 2024 -11.16 Mn
Dec 31, 2023 -9.63 Mn
Sep 30, 2023 -12.46 Mn
Jun 30, 2023 -12.63 Mn
Mar 31, 2023 -14.95 Mn
Dec 31, 2022 -6,004.00
Sep 30, 2022 -14.47 Mn
Jun 30, 2022 -21.56 Mn
Mar 31, 2022 -22.07 Mn
Dec 31, 2021 -24.86 Mn
Sep 30, 2021 -45.97 Mn
Jun 30, 2021 -23.92 Mn