Troy Hsu's questions to Phoenix New Media (FENG) leadership • Q4 2024
Question
Troy Hsu of First Shanghai Group inquired about the strategies Phoenix New Media employed to increase its advertising revenue despite a broader slowdown in the online advertising market.
Answer
CFO Edward Lu explained that the company's success was driven by two key approaches. First, the sales team was restructured into industry-specific divisions to streamline resource allocation and foster innovation, leading to growth in the public and FMCG sectors. Second, the company accelerated innovation in content and marketing products, such as tailoring strategies for companies expanding overseas and enhancing content distribution on short video platforms, to better respond to market shifts.