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2008 — Phoenix Media Investment (Holdings) News Story

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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

  • Aug 13 - Newsmax Q2 revenue rises, driven by affiliate fees and licensing growth

  • Aug 13 - Germany's Stroeer H1 revenue up on strength in digital out of home business, reaffirms FY forecast

  • Aug 12 - CuriosityStream Q2 revenue beats expectations on licensing strength, outlook raised


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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