Phoenix New Media (FENG) Misses Q1 EPS by 6c, Offers Guidance

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Phoenix New Media Reports First Quarter 2021 Unaudited Financial Results

May 10, 2021 5:00 PM EDT

BEIJING, May 10, 2021 /PRNewswire/ -- 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 first quarter ended March 31, 2021.

Mr. Shuang Liu, CEO of Phoenix New Media, commented, "During the first quarter of 2021, we adapted to the evolving advertising landscape and implemented active measures to increase user traffic, enhance user engagement, and improve user retention. Those measures include producing more exclusive, premium, and original content, leveraging social media distribution to reach a broader... More