The following is a summary of the Phoenix New Media Limited (FENG) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Phoenix New Media reported Q4 total revenues of RMB211.8 million, a decrease from RMB223.9 million in the same period of last year.

• Net advertising revenues were RMB197 million and paid services revenues RMB14.8 million.

• Cost of revenues decreased by 11.3% and gross margin increased to 43.1% due to strict cost control measures.

• Income from operations were RMB22.9 million and net income attributed to ifeng was RMB8.1 million.

• For Q1 2024, the company forecasts total revenues between RMB130.8 million and RMB145.8 million.

Business Progress:

• The company focused on boosting content productivity, monetization of content, and event marketing offerings, successfully executing a series of flagship events, including the iFeng Finance Summit.

• Significant strides were made in content dissemination through social media, with their short documentary series, Journey, receiving over 700 million views.

• On the product front, the content recommendation algorithm was improved, causing a 20% annual increase in engagement and double-digit growth in video metrics.

• The company looks forward to expanding the customer base, discovering new opportunities, and strengthening their market position through operational excellence and strategic innovation.

More details: Phoenix New Media IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.