Group 1 - The core viewpoint of the article highlights that Phoenix New Media reported a total revenue of 187.1 million RMB for Q2 2025, representing an 11.2% year-on-year increase, primarily driven by growth in paid service revenue [1] - The company experienced a net loss attributable to Phoenix New Media of 10.4 million RMB, which is an increase of 89.09% year-on-year, with basic net loss per ordinary share at 0.02 RMB [1] - The CEO of Phoenix New Media emphasized the company's commitment to media responsibility and innovation, focusing on enhancing content depth and exploring diverse commercial opportunities, which are gradually yielding positive results [1] Group 2 - The company projects total revenue for Q3 2025 to be between 203.4 million RMB and 218.4 million RMB, with net advertising revenue expected to be between 168.4 million RMB and 178.4 million RMB [1] - Paid service revenue is anticipated to be between 35 million RMB and 40 million RMB for the same period [1]