Phoenix New Media (FENG) Research & Development (2010 - 2026)
Phoenix New Media (FENG) posted Research & Development of -$13.1 million for Q1 2026, down 36.43% sequentially from -$9.6 million in Q4 2025, and down 51.19% YoY from -$26.9 million in Q1 2025.
Phoenix New Media (FENG) Research & Development (2010 - 2026) Analysis & Trends
Phoenix New Media has reported Research & Development for 17 years, with the latest figure at -$13.1 million in Q1 2026.
- Quarterly Research & Development fell 51.19% year-over-year to -$13.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$42.6 million (down 46.31% YoY) and the FY2025 annual result came in at -$38.9 million, down 54.26% from the prior year.
- Research & Development eased to -$13.1 million in Q1 2026 per FENG's latest filing, from -$9.6 million in the prior quarter.
- Over five years, Research & Development peaked at -$6433.0 in Q4 2022 and troughed at -$13.1 million in Q1 2026.
- A 5-year average of -$7.2 million and a median of -$6.9 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development jumped 99.95% in 2022, then sank 107035.08% in 2023.
- Over 5 years, Research & Development stood at -$6433.0 in 2022, then tumbled by 107035.08% to -$6.9 million in 2023, then slipped by 26.31% to -$8.7 million in 2024, then slipped by 10.59% to -$9.6 million in 2025, then plunged by 36.43% to -$13.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$13.1 million, -$9.6 million, and -$10.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.24 Bn | 3,810.20 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,536.10 Bn | 1,445.84 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 67.16 Mn |
| 4 | Baidu | 289.49 Bn | 284.99 Bn | 1.88 Mn | 635.00 Mn |
| 5 | Spotify Technology | 102.84 Bn | 92.60 Bn | 1.75 Bn | 387.52 Mn |
| 6 | Joyy | 77.82 Bn | 76.94 Bn | 205.64 Mn | -61.54 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.20 Bn | 39.58 Bn | 295.20 Mn | 67.40 Mn |
| 9 | 30.50 Bn | 27.72 Bn | 734.60 Mn | 231.28 Mn | |
| 10 | Phoenix New Media | 864.78 Mn | 727.34 Mn | 14.64 Mn | -13.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.13 Mn |
| Dec 31, 2025 | -9.63 Mn |
| Sep 30, 2025 | -10.31 Mn |
| Jun 30, 2025 | -9.57 Mn |
| Mar 31, 2025 | -8.69 Mn |
| Dec 31, 2024 | -8.71 Mn |
| Sep 30, 2024 | -6.30 Mn |
| Jun 30, 2024 | -5.45 Mn |
| Mar 31, 2024 | -5.11 Mn |
| Dec 31, 2023 | -6.89 Mn |
| Sep 30, 2023 | -5.27 Mn |
| Jun 30, 2023 | -3.93 Mn |
| Mar 31, 2023 | -5.83 Mn |
| Dec 31, 2022 | -6,433.00 |
| Sep 30, 2022 | -6.84 Mn |
| Jun 30, 2022 | -7.85 Mn |
| Mar 31, 2022 | -9.37 Mn |
| Dec 31, 2021 | -13.16 Mn |
| Sep 30, 2021 | -9.65 Mn |
| Jun 30, 2021 | -10.12 Mn |