PHOENIX TV(02008): In the third quarter, the net loss attributable to Phoenix New Media was 18.486 million yuan, a 14% decrease compared to the same period last year.

Phoenix TV (02008) announced the performance of Phoenix New Media in the third quarter of 2024, with a total revenue of 164.3 million yuan, a year-on-year growth of 7.0%, mainly due to the increase in advertising revenue. Gross profit was 62.272 million yuan, an increase of 18.93% year-on-year. Net loss attributable to Phoenix New Media was 18.486 million yuan, a 14% decrease year-on-year. Mr. Sun Yusheng, CEO of Phoenix New Media, said: "In the third quarter, we continue to adhere to the quality dissemination of content, enhance our media influence through exclusive reports and original content. At the same time, through expanding marketing resources and optimizing customer portfolio, we continuously enhance our commercialization capability. Looking ahead, we will continue to encourage synergy and innovation between content and marketing, continuously optimize management and operational efficiency, and ensure the healthy and sustainable development of the business." The company expects the total revenue for the fourth quarter of 2024 to be between 197.9 million yuan and 212.9 million yuan. Net advertising revenue is expected to be between 180.2 million yuan and 190.2 million yuan. Paid service revenue is expected to be between 17.7 million yuan and 22.7 million yuan.