Phoenix New Media Limited provided earnings outlook for the first quarter of 2022. For the period, the company expects its total revenues to be between RMB 172.0 million and RMB 197.0 million; net advertising revenues are expected to be between RMB 158.5 million and RMB 178.5 million; and paid services revenues are expected to be between RMB 13.5 million and RMB18.5 million.