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Phoenix Media Subsidiary's Q1 2026 Loss Narrows Amid 22% Rise in Revenue

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Phoenix Media Investment's (HKG:2008) non-wholly owned subsidiary, Phoenix New Media, reported 16.8 million yuan in attributable loss for the first quarter of 2026, narrowing from a loss of 29.7 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.

Phoenix New Media is listed on the New York Stock Exchange.

Loss per class A and class B share was 0.03 yuan, compared with a loss of 0.05 yuan in the prior year period.

Revenue rose 22% to 188.8 million yuan from 155.2 million yuan a year earlier.

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