Phoenix New Media Limited

FENGNYSECommunication Services● Active

$1.67

+$0.06(+3.73%)

Market Cap$417874

P/E Ratio—

52W High$3.65

52W Low$1.6

Avg Volume5K

Open$1.61

Beta-0.22

Free Cash Flow Financials Revenue

Phoenix New Media Limited (FENG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FENG · free cash flow · updated Jun 8, 2026

Core FCF metrics

FENG · FCF · TTM · margin & CAGR

Free cash flow was −$15.7M for FY2025 (fiscal year ending 2025-12-31), up 68.3% year-over-year The FCF margin was -2.0%.

FY2025 Free Cash Flow−$15.7M▲ +68.3% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin-2.0%−$15.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FENG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$2.7M(13M)−$15.7M▲ +68.3%-2.0%

FY2024−$44.3M(5M)−$49.5M▲ +29.8%-7.0%

FY2023−$60.8M(10M)−$70.5M▲ +79.6%-10.2%

FY2022−$312.4M(34M)−$346.4M▼ 116.9%-44.1%

FY2021−$142.8M(17M)−$159.7M▼ 38.6%-15.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FENG · P/FCF · FCF yield · FCF per share

Phoenix New Media Limited (FENG) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FENG · cash flow statement · operating / investing / financing

For FY2025, Phoenix New Media Limited generated −$2.7M in operating cash flow and spent 13M in capital expenditures, yielding −$15.7M in free cash flow.

Operating Activities

−$2.7M

Cash from core business operations

2025-12-31

Investing Activities

−$57.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$2.7M) − |CapEx| (13M) = FCF (−$15.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

FENG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Phoenix New Media LimitedYOU

FENG

−$15.7M+68.3%-2.1%

Loss

About Free Cash Flow & Methodology

Phoenix New Media Limited (FENG) reported free cash flow of −$15.7M for FY2025 (fiscal year ending 2025-12-31), up 68.3% year-over-year. The FCF margin was -2.0%.

Based on available data, Phoenix New Media Limited has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $318.6M in FY2013.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FENG free cash flow · 8 questions

Phoenix New Media Limited free cash flow was −$15.7M for FY2025, up 68.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

FENG free cash flowFENG FCFFENG FCF 2025FENG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Phoenix New Media Limited · Phoenix New Media Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026