Phoenix Satellite Television (02008): Phoenix New Media's gross profit in the second quarter increased by 34.9% year-on-year to 124.1 million yuan.

Zhitong Finance App reported that Phoenix Satellite Television (02008) announced the performance of Phoenix New Media for the second quarter of 2026, with total revenue reaching 216.7 million RMB, an increase of 15.8% year-on-year. Gross profit rose by 34.9% year-on-year to 124.1 million RMB, and net profit attributable to Phoenix New Media was 6.5 million RMB, turning a profit from a loss in the same period last year. The gross profit margin for the second quarter of 2026 increased from 49.2% in the same period of 2025 to 57.3%. The increase in gross profit margin was primarily due to the higher gross profit margin of digital reading business generated through mini-programs and the substantial growth in this revenue.