Phoenix New Media Ltd (FENG)

Operator: Good day, and thank you for standing by. Welcome to Phoenix New Media Third Quarter 2025 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Operator: Good day, and thank you for standing by. Welcome to Phoenix New Media's Second Quarter 2025 Earnings Call.

Operator: Good day, and thank you for standing by. Welcome to Phoenix New Media First Quarter 2025 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Operator: Good day and thank you for standing by. Welcome to Phoenix New Media Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Operator: Thank you for standing by. Welcome to Phoenix New Media Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Operator: Good day and thank you for standing by. Welcome to Phoenix New Media Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Operator: Good day and thank you for standing by. Welcome to Phoenix New Media First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Operator: Good day, and thank you for standing by. Welcome to Phoenix New Media Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Operator: Good day and thank you for standing by. Welcome to Phoenix New Media Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.