BEIJING (AP) — BEIJING (AP) — Phoenix New Media Ltd. (FENG) on Monday reported fourth-quarter net income of $6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Beijing-based company said it had profit of 50 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 60 cents per share.
The online media company posted revenue of $32.5 million in the period.
For the year, the company reported that its loss narrowed to $15.9 million, or $1.31 per share. Revenue was reported as $113.9 million.
For the current quarter ending in March, Phoenix New Media said it expects revenue in the range of $17.8 million to $20.7 million.
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