Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 104

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 5
Chunk 104
---
17.6   )           (63,179   )           (8,657   )            (9.0   )
Non-GAAP adjusted net loss attributable to Phoenix New Media Limited (3)          (154,617   )            (19.7   )            (87,218   )            (12.6   )           (36,652   )           (5,022   )            (5.2   )
Notes:
* Other income, net generally reflects net interest income, foreign currency exchange gains or loss, income/(loss) from equity method investments, including impairments, fair value changes in investments, net, impairment of available-for-sale debt investments and others, net.
104

(1)Includes share-based compensation as follows:
 
                                                  For the Years Ended December 31,                                            
                                              2022                  2023                   2024                               
                                                  RMB                    RMB                           RMB                 US$
                                                  (In thousands)                                                              
Allocation of share-based compensation:                                                                                       
Cost of revenues                                       2,802                  1,737                    798                 109
Sales and marketing expenses                           1,842                  1,115                    322                  44
General and administrative expenses                    2,215             273                           321                  44
Technology and product development expenses            1,022             588                           101                  14
Total share-based compensation                         7,881                  3,713                  1,542                 211

(2)Non-GAAP gross profit and non-GAAP income or loss from operations are both non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation. Non-GAAP income or loss from operations is income or loss from operations excluding share-based compensation.
(3)We define non-GAAP adjusted net income or loss attributable to Phoenix New Media Limited as net income or loss attributable to Phoenix New Media Limited excluding share-based compensation, income or loss from equity method investments, including impairments, fair value changes in investments, net, impairment of available-for-sale debt investments, and income tax benefit related to the gain on disposal of available-for-sale debt investments.
We believe the separate analysis and exclusion of the following non-GAAP to GAAP reconciling items add clarity to the constituent parts of our performances. We review non-GAAP gross profit, non-GAAP income or loss from operations and non-GAAP adjusted net income or loss attributable to Phoenix New Media Limited together with gross profit, income