BEIJING (AP) — BEIJING (AP) — Phoenix New Media Ltd. (FENG) on Tuesday reported a loss of $2.6 million in its third quarter.

On a per-share basis, the Beijing-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 21 cents per share.

The online media company posted revenue of $23.4 million in the period.

For the current quarter ending in December, Phoenix New Media said it expects revenue in the range of $28.2 million to $30.3 million.

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