[Phoenix New Media Reports First Quarter 201 6 Unaudited Financial Results 1 Q1 6 Mobile Advertising Revenues Up 115.3 % YOY Live Conference Call to be Held at 9 :00 P M U.S. Eastern Time on May 9 BEIJING, China, “ Mr. Ya Li, president of Phoenix New Media, stated, First Quarter 201 6 Financial Results REVENUES Total revenues Net] [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 o o o Yes o x TABLE OF CONTENTS 2 PHOENIX NEW MEDIA LIMITED]