Financial Data and Key Metrics Changes - Total revenues for Q3 2025 were RMB 200.9 million, a 22.3% increase year-on-year from RMB 164.3 million [9] - Net advertising revenues reached RMB 159.3 million, reflecting a 7.3% increase year-on-year from RMB 148.4 million [10] - Paid services revenues surged to RMB 41.6 million, marking a 161.6% increase year-on-year from RMB 15.9 million [10] - Loss from operations improved to RMB 13.3 million, compared to RMB 25.9 million in the same period last year [10] - Net loss attributable to the company was RMB 4.9 million, down from RMB 18.5 million in the same period last year [10] - Cash and cash equivalents totaled RMB 1 billion, approximately $140.5 million as of September 30, 2025 [11] Business Line Data and Key Metrics Changes - The company achieved solid progress in commercialization and user engagement through high-quality original content and innovative product experiences [4] - The Star Anchor Program, which helps train new content creators, tripled its revenue this year, indicating strong demand for content creators [14][15] Market Data and Key Metrics Changes - The company successfully hosted significant events such as the Shanxi Cultural and Tourism Development Promotion Event, generating over 2 billion online impressions [5] - The Phoenix Bay Area Finance Forum 2025 achieved over 720 million total impressions, showcasing the company's strong brand influence [6] Company Strategy and Development Direction - The company aims to prioritize content innovation and IP creation, enhance brand influence, diversify monetization channels, and improve operational efficiency for sustainable long-term growth [9] - Strategic cooperation with HarmonyOS is expected to yield further benefits, with the Phoenix News App being showcased at Huawei's new product launch [8][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the advertising market, noting that many clients remain cautious with their budgets [14] - The company plans to focus on innovation and improving service capabilities to maintain steady performance amid intense competition in Q4 [15] Other Important Information - The company’s media influence and resource integration capabilities supported significant growth in public and regional sectors [5] - The number of followers on Phoenix Video accounts grew by nearly 500,000 in Q3, indicating strong traction on video platforms [8] Q&A Session Summary Question: How did the advertising business manage to grow in Q3 despite market pressure? - Management highlighted close collaboration between sales units and content teams, which allowed for quicker and more precise responses to client needs. They also emphasized the importance of following marketing trends and connecting with key clients through events like the Shanxi Culture and Tourism Promotion Event [14][15] Question: What is the outlook for the ad market in Q4? - Management indicated that competition will remain intense and cost control will be critical. They will continue to focus on innovation and improving service capabilities to maintain steady performance [15]

Exhibit 99.1 Phoenix New Media Reports Third Quarter 2025 Unaudited Financial Results Live Conference Call to be Held at 8:30 PM U.S. Eastern Time on November 12, 2025 BEIJING, China, November 13, 2025 — Phoenix New Media Limited (NYSE: FENG) ("Phoenix New Media", "ifeng" or the "Company"), a leading new media company in China, today announced its unaudited financial results for the third quarter ended September 30, 2025. Mr. Yusheng Sun, CEO of Phoenix New Media, stated, "In the third quarter, through high ...

2025年第三季度毛利润同比增长53.6%至人民币9,570万元(约合1,340万美元)。2025年第三季度毛利率为 47.6%，而2024年同期为37.9%。毛利率的增长主要由于通过小程序产生的数字阅读业务毛利率更高以 及该收入的大幅增长。2025年第三季度归属于凤凰新媒体的净亏损为人民币490万元(约合70万美元)， 而2024年同期归属于凤凰新媒体的净亏损为人民币1,850万元。 凤凰新媒体预计2025年第四季度总收入为人民币2.059亿元到2.209亿元。广告净收入预期为人民币1.714 亿元到1.814亿元。付费服务收入预期为人民币3,450万元到3,950万元。 格隆汇11月13日丨凤凰卫视(02008.HK)发布公告，北京时间2025年11月13日，凤凰新媒体(纽约证券交 易所代码:FENG)公布截至2025年9月30日的未经审计2025年第三季度财务报告。2025年第三季度，凤凰 新媒体总收入为人民币2.009亿元(约合2,820万美元)，较2024年同期的人民币1.643亿元增长22.3%，增长 主要由于付费服务收入和广告净收入同比增长。2025年第三季度广告净收入为人民币1.593亿元(约 ...

Core Viewpoint - Phoenix New Media reported a total revenue of RMB 200.9 million (approximately USD 28.2 million) for Q3 2025, representing a 22.3% increase compared to RMB 164.3 million in Q3 2024, driven by growth in paid services and advertising revenue [1][2][3] Financial Performance - Total revenue for Q3 2025 was RMB 200.9 million (approximately USD 28.2 million), up 22.3% from RMB 164.3 million in Q3 2024, primarily due to increases in paid services and advertising revenue [2][3] - Advertising net revenue reached RMB 159.3 million (approximately USD 22.4 million), a 7.3% increase from RMB 148.4 million in Q3 2024 [1][2] - Paid services revenue was RMB 41.6 million (approximately USD 5.8 million), a significant increase of 161.6% from RMB 15.9 million in Q3 2024, with paid content revenue contributing RMB 38.3 million (approximately USD 5.3 million), up 279.2% year-over-year [3] Cost and Profitability - Total costs for Q3 2025 were RMB 105.2 million (approximately USD 14.8 million), a 3.1% increase from RMB 102 million in Q3 2024 [4] - Gross profit increased by 53.6% to RMB 95.7 million (approximately USD 13.4 million), with a gross margin of 47.6%, up from 37.9% in Q3 2024 [4] Operating Expenses and Losses - Total operating expenses for Q3 2025 were RMB 109 million (approximately USD 15.3 million), a 23.6% increase from RMB 88.2 million in Q3 2024, mainly due to higher sales and marketing expenses related to digital reading services [6] - Operating loss for Q3 2025 was RMB 13.3 million (approximately USD 1.9 million), improved from a loss of RMB 25.9 million in Q3 2024, with an operating margin of -6.6% compared to -15.8% in the previous year [6] Other Income and Losses - Other net income for Q3 2025 totaled RMB 16.3 million (approximately USD 2.3 million), compared to RMB 6.9 million in Q3 2024, including net interest income and gains from equity investments [7] Net Loss - The net loss attributable to Phoenix New Media for Q3 2025 was RMB 4.9 million (approximately USD 0.7 million), significantly reduced from RMB 18.5 million in Q3 2024, with a net margin of -2.4% compared to -11.3% in the previous year [8][9] Balance Sheet - As of September 30, 2025, the company had cash and cash equivalents, time deposits, short-term investments, and restricted funds totaling RMB 1 billion (approximately USD 140.5 million) [10] Performance Outlook - The company expects total revenue for Q4 2025 to be between RMB 205.9 million and RMB 220.9 million, with advertising net revenue projected between RMB 171.4 million and RMB 181.4 million, and paid services revenue expected to be between RMB 34.5 million and RMB 39.5 million [11]

（於開曼群島註冊成立之有限公司） (股份代號：02008) 海外監管公告 上市附屬公司–鳳凰新媒體有限公司 2025 年第三季度之未經審核財務業績公佈 本公告乃由鳳凰衛視投資(控股)有限公司(「本公司」)根據香港聯合交易所有限公司 證劵上市規則第13.10B條而作出。 本公司非全資附屬公司鳳凰新媒體有限公司(「鳳凰新媒體」)(其股份以美國預託股 份之形式於美國紐約證券交易所上市)已於2025年11月13日就鳳凰新媒體2025年第 三季度的未經審核財務業績(「業績」)，向美國證券及交易局(the United States Securities and Exchange Commission)提交6-K表格。詳情請參閱隨附的業績。 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 ...

Core Viewpoint - Phoenix New Media announced a board member adjustment, with Mr. Xiao Geng replacing Mr. Wen Jiaxuan as a director and joining various committees, effective immediately [1] Group 1: Board Changes - Mr. Xiao Geng has officially taken over the position of director and will also serve on the audit committee, compensation committee, and corporate governance and nomination committee [1] - Mr. Wen Jiaxuan resigned from his position for personal reasons, effective immediately [1] - Mr. Xiao Geng's appointment fills the vacancy left by Mr. Wen and will be subject to re-election at the next shareholders' meeting [1] Group 2: Profile of Mr. Xiao Geng - Mr. Xiao Geng is currently a professor and vice dean of international cooperation at the School of Public Policy at the Chinese University of Hong Kong, Shenzhen [3] - He holds a bachelor's degree in system science and management science from the University of Science and Technology of China, and a master's and Ph.D. in economics from the University of California, Los Angeles [3] - Mr. Xiao has previously taught at Peking University HSBC Business School and the University of Hong Kong, and has held leadership or research positions at various institutions including Columbia University's Beijing Global Center and Tsinghua-Brookings Public Policy Research Center [3][4] Group 3: Corporate Governance Experience - Mr. Xiao Geng has extensive corporate governance experience, having served as an independent director or supervisor for several well-known companies and financial institutions, including Midea Group, Qingdao Beer, HSBC China, and UBS China [4] - The board has confirmed that Mr. Xiao meets the independent director qualification requirements under the U.S. Securities Exchange Act and the New York Stock Exchange [4] Group 4: Company Overview - Phoenix New Media is a leading new media company in China, providing diverse services such as news, video, and digital reading through its platform ifeng.com and mobile applications [4] - The company originated from Phoenix Television and aims to deliver comprehensive information services to users through high-quality content and multi-platform channels [4]

Core Viewpoint - Phoenix New Media (FENG) experienced a 2.7% increase in stock price, reaching $2.28 per share, with a total market capitalization of $27.38 million as of August 19 [1] Financial Performance - For the fiscal year ending June 30, 2025, Phoenix New Media reported total revenue of 342 million RMB, reflecting a year-on-year growth of 6.55% [1] - The net profit attributable to shareholders was -40.08 million RMB, a decrease of 27.34% compared to the previous year, resulting in a basic earnings per share of -0.07 RMB [2] Company Overview - Phoenix New Media is a leading global cross-platform new media company, operating major platforms such as Phoenix Net, Mobile Phoenix Net, and Phoenix Video [3] - The company aims to provide high-quality content and services that integrate internet, wireless communication, and television, catering to the diverse needs of mainstream Chinese audiences [3] - Phoenix New Media serves as a distribution channel for quality television content from its parent company, Phoenix Satellite Television, while also integrating content from various professional media organizations and user-generated content [3] - The company has received multiple awards for its contributions to media, including the "China Best Media Integration Award" and "China New Media Contribution Award" [3]

Group 1 - The core viewpoint of the news is that Phoenix New Media's financial performance shows a decline in net profit despite a slight increase in revenue, indicating potential challenges ahead for the company [1][2]. - As of August 15, Phoenix New Media's stock price increased by 3.64% to $2.28 per share, with a total market capitalization of approximately $27.38 million [1]. - For the fiscal year ending June 30, 2025, the total revenue of Phoenix New Media was 342 million RMB, representing a year-on-year growth of 6.55% [1]. Group 2 - The net profit attributable to shareholders for the same period was -40.08 million RMB, reflecting a year-on-year decrease of 27.34%, with basic earnings per share reported at -0.07 RMB [2]. - Phoenix New Media is recognized as a leading cross-platform internet media company, operating major platforms such as Phoenix Net, Mobile Phoenix Net, and Phoenix Video, providing a wide range of media content and services [3]. - The company integrates various content sources, including professional media institutions and user-generated content, to deliver comprehensive news, in-depth reports, and interactive applications, catering to diverse user needs [3].

Core Viewpoint - Phoenix New Media (FENG) experienced a stock price increase of 3.59% on August 13, reaching $2.165 per share, with a total market capitalization of $26.0033 million [1] Financial Summary - As of March 31, 2025, Phoenix New Media reported total revenue of 155 million RMB, reflecting a year-on-year growth of 1.45% [1] - The company recorded a net loss attributable to shareholders of 29.726 million RMB, which represents a year-on-year decrease of 14.27% [1] Company Overview - Phoenix New Media is a leading global cross-platform new media company, operating major platforms including Phoenix Net, Mobile Phoenix Net, and Phoenix Video [2] - The company adheres to a media philosophy of "Chinese sentiment, global vision, inclusive openness, and progressive power," providing high-quality content and services to mainstream Chinese audiences [2] - Phoenix New Media integrates content from various professional media organizations, user-generated content, and its own professional content, offering comprehensive news, in-depth reports, commentary, financial products, interactive applications, and community sharing services [2] - The company has received multiple awards, including "China Advertising Media Caring Enterprise Honor Certificate" and "Best Media Integration Award" [2]

Core Insights - Phoenix New Media reported a total revenue of RMB 187.1 million (approximately USD 26.1 million) for Q2 2025, representing an 11.2% increase compared to RMB 168.3 million in Q2 2024 [1] - The company's net advertising revenue for Q2 2025 was RMB 153.3 million (approximately USD 21.4 million), showing a slight decline of 0.9% from RMB 154.7 million in Q2 2024 [1] - The non-GAAP net loss attributable to Phoenix New Media for Q2 2025 was RMB 7.2 million (approximately USD 1 million), compared to a non-GAAP net loss of RMB 2.1 million in Q2 2024 [1] Financial Performance - Total revenue for Q2 2025 reached RMB 187.1 million, up from RMB 168.3 million in the same quarter last year, indicating a positive growth trend [1] - The decline in net advertising revenue suggests challenges in the advertising market, with a slight decrease from the previous year [1] - The increase in non-GAAP net loss highlights ongoing financial pressures despite revenue growth [1] Management Commentary - The CEO emphasized the company's focus on enhancing content quality and exploring diverse collaboration and commercialization paths, which have led to positive user feedback and business growth [2] - The CFO noted that the overall advertising market remained subdued in the first half of the year, with cautious spending from advertisers continuing into Q2 [2] - The company aims to leverage its media endorsement value in a fragmented media environment, focusing on content and event marketing as well as international marketing to maintain its market position [2]