Phoenix Media HY revenue rises 24% on television broadcasting strength
Phoenix Media HY revenue rises 24% on television broadcasting strength
Overview
Hong Kong media group's half-year revenue grew 24% yr/yr
Net loss attributable to owners narrowed 48% yr/yr
Company did not declare an interim dividend for the period
Outlook
Company will continue to consolidate existing businesses and explore new business opportunities
Phoenix TV plans to deepen presence in global streaming media and enhance omni-media strategy
Result Drivers
SEGMENT GROWTH - Co said revenue growth was driven by higher contributions from television broadcasting, internet media and outdoor media segments
NARROWED SEGMENT LOSSES - Co said segmental losses in television broadcasting, internet media and outdoor media businesses decreased compared to prior year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$1.09 bln |
|
H1 Net Loss Attributable |
| HK$107.60 mln |
|
Reuters Recommended Reads
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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