Our previous studies have identified phoenixin-14 (PNX-14) and its receptor GPR173 in the porcine corpus luteum (CL) during the estrous cycle and their role in the endocrine function. This study explored PNX-14's impact on luteal angiogenesis, proliferation, and apoptosis. Luteal cells were cultured with PNX-14 at doses 1-1000 nM for 24-72 h. Then, the transcript level and secretion of angiogenic factors (VEGFA, bFGF2, ANG-1) and protein expression of their receptors (VEGFR1, VEGFR2, FGFR1, FGFR2, TIE2) were analysed. Cell proliferation was assessed using the alamarBlue assay, whereas DNA fragmentation and caspase 3/7 activity through Cell Death Detection ELISA and CaspaseGlo 3/7 assay, respectively. We also examined mRNA and protein levels of proliferating cell nuclear antigen (PCNA), cyclins, and apoptotic factors. Using pharmacological inhibitors of extracellular signal-regulated kinases 1/2 (ERK1/2), protein kinase B (AKT), 5'AMP-activated protein kinase (AMPK), and silencing of GPR173 by siRNA we checked their involvement in PNX-14 action in CL. The results showed that PNX-14 increased levels of bFGF2 and ANG-1, and protein expression of VEGFR2, FGFR1, and TIE2, while it decreased FGFR2. It enhanced luteal cell proliferation and PCNA expression, with variable effects on transcript and protein levels of cyclins. Moreover, PNX-14 decreased DNA fragmentation and caspase 3/7 activity, expression of caspases 3, 8, 9, and BAX, and increased BCL2. Additionally, GPR173 receptor and ERK1/2, AKT, and AMPK are involved in PNX-14 action on luteal function. In conclusion, PNX-14 acts as a luteotropic factor in the porcine CL by promoting angiogenesis, proliferation, and protection against apoptosis.