BEIJING (AP) — BEIJING (AP) — Phoenix New Media Ltd. (FENG) on Tuesday reported a loss of $493,000 in its fourth quarter.
The Beijing-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 9 cents per share.
The online media company posted revenue of $29.9 million in the period.
For the year, the company reported a loss of $7.3 million, or 61 cents per share. Revenue was reported as $96.4 million.
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