Phoenix New Media (FENG) Operating Expenses (2010 - 2026)
Phoenix New Media (FENG) posted Operating Expenses of -$19.0 million for Q1 2026, down 33.77% sequentially from -$14.2 million in Q4 2025, and down 36.23% YoY from -$29.8 million in Q1 2025.
Phoenix New Media (FENG) Operating Expenses (2010 - 2026) Analysis & Trends
Phoenix New Media has reported Operating Expenses for 17 years, with the latest figure at -$19.0 million in Q1 2026.
- Quarterly Operating Expenses fell 36.23% year-over-year to -$19.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$62.3 million (down 26.93% YoY) and the FY2025 annual result came in at -$58.4 million, down 27.89% from the prior year.
- Operating Expenses declined to -$19.0 million in Q1 2026 per FENG's latest filing, from -$14.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$6004.0 in Q4 2022 and troughed at -$22.1 million in Q1 2022.
- A 5-year average of -$13.6 million and a median of -$13.9 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 99.98% in 2022, then slumped 160293.07% in 2023.
- Over 5 years, Operating Expenses stood at -$6004.0 in 2022, then tumbled by 160293.07% to -$9.6 million in 2023, then declined by 28.46% to -$12.4 million in 2024, then decreased by 14.68% to -$14.2 million in 2025, then sank by 33.77% to -$19.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$19.0 million, -$14.2 million, and -$15.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,234.87 Bn | 3,805.83 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,535.77 Bn | 1,445.51 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,137.67 Bn | 1,137.54 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 289.51 Bn | 285.02 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 102.78 Bn | 92.54 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 49.19 Bn | 39.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.48 Bn | 27.69 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Phoenix New Media | 864.78 Mn | 727.34 Mn | 14.64 Mn | -18.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |