• Phoenix New Media, subsidiary of Phoenix Media Investment (Holdings), posted Q1 2026 revenue of RMB 188.8 million, up 21.6% year over year, driven by paid services growth.
• Paid services revenue rose 83% to RMB 63.5 million; net advertising revenue increased 4% to RMB 125.3 million.
• Net loss attributable to Phoenix New Media narrowed to RMB 16.8 million from RMB 29.7 million; operating loss improved to RMB 29.9 million from RMB 38.4 million.
• Gross margin widened to 53.5% from 40.4% as cost of revenue fell 5.1% to RMB 87.8 million.
• Guided Q2 revenue at RMB 195.7 million to RMB 210.7 million; net advertising at RMB 141.8 million to RMB 151.8 million; paid services at RMB 53.9 million to RMB 58.9 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenix Media Investment (Holdings) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260513-12156967), on May 12, 2026, and is solely responsible for the information contained therein.