[Phoenix New Media Reports First Quarter 2015 Unaudited Financial Results 1Q15 Mobile Advertising Revenues Up 135% YOY Live Conference Call to be Held at 8:00 PM U.S. Eastern Time on May 13 BEIJING, China, May 14, 2015 — Phoenix New Media Limited (NYSE: FENG), a leading new media company in China (“Phoenix New Media”, “ifeng” or the “Company”), today announced] [001-35158 PHOENIX NEW MEDIA LIMITED Sinolight Plaza, Floor 16 No. 4 Qiyang Road Wangjing, Chaoyang District, Beijing, 100102 People’s Republic of China Form 20-F x Form 40-F o o o Yes o No x TABLE OF CONTENTS 2 PHOENIX NEW MEDIA LIMITED]