Phoenix Media Investment (Holdings) Limited provided revenue guidance for the first quarter of 2021. For the quarter, the company expected total revenues to be between RMB 210.2 million and RMB 230.2 million; net advertising revenues are expected to be between RMB 192.0 million and RMB 207.0 million; and paid services revenues are expected to be between RMB 18.2 million and RMB 23.2 million.