Real-time monitoring of singlet-triplet transitions is an effective tool for studying room-temperature phosphorescent molecules. For femtosecond transient absorption (TA) spectroscopy of a 2,6-di(9H-carbazol-9-yl) pyridine molecule in dimethyl sulfoxide (DMSO), the stimulated emission signal (380 nm) and the excited-state absorption signal (650 nm) reach their maximum intensity within 397 fs. Subsequently, the two signals decay with time and the triplet-triplet absorption (TTA) signal (400 nm) is enhanced synchronously, accompanied by an isosbestic point at 491 nm. These results confirm intersystem crossing (ISC) within 2.5 ns. Moreover, the TTA signal (400 nm) in nanosecond TA spectroscopy gradually disappeared, accompanied by a phosphorescence lifetime of 4.1 μs. As the solvent polarity decreases (DMSO > N,N-dimethylformamide > 1,4-dioxane > toluene), similar spectral dynamic processes are observed, while the durations of ISC processes and phosphorescence lifetimes are shortened. This combined femtosecond and nanosecond transient absorption spectroscopy study presents the ultrafast excited-state dynamics of organic phosphorescent molecules.