| Computation of basic and diluted net loss or income per share |
The following table sets forth the computation of basic and diluted net loss or income per share for the years indicated (amounts in thousands, except for number of shares and per share data):
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For the Years Ended December 31, |
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2023 |
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2024 |
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2025 |
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RMB |
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RMB |
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RMB |
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Net (loss)/income per Class A and Class B ordinary share — basic: |
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Numerator: |
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Net (loss)/income attributable to Phoenix New Media Limited |
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(102,496 |
) |
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(53,554 |
) |
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336 |
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Denominator: |
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Denominator used in computing net (loss)/income per share — basic |
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582,241,827 |
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576,786,817 |
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576,517,237 |
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Net (loss)/income per Class A and Class B ordinary share — basic |
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(0.18 |
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(0.09 |
) |
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* |
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Net (loss)/income per Class A and Class B ordinary share — diluted: |
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Numerator: |
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Net (loss)/income attributable to Phoenix New Media Limited |
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(102,496 |
) |
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(53,554 |
) |
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336 |
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Denominator: |
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Denominator used in computing net (loss)/income per share — basic |
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582,241,827 |
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576,786,817 |
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576,517,237 |
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Share-based awards |
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— |
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— |
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— |
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Denominator used in computing net (loss)/income per share — diluted |
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582,241,827 |
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576,786,817 |
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576,517,237 |
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Net (loss)/income per Class A and Class B ordinary share — diluted |
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(0.18 |
) |
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(0.09 |
) |
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* |
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Net (loss)/income per ADS (1 ADS represents 48 Class A ordinary shares): |
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Denominator used in computing net (loss)/income per ADS — basic |
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12,130,038 |
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12,016,392 |
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12,010,776 |
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Denominator used in computing net (loss)/income per ADS — diluted |
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12,130,038 |
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12,016,392 |
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12,010,776 |
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Net (loss)/income per ADS — basic |
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(8.45 |
) |
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(4.46 |
) |
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0.03 |
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Net (loss)/income per ADS — diluted |
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(8.45 |
) |
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(4.46 |
) |
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0.03 |
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Note: * Less than RMB0.01.
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