Youdao Reports First Quarter 2024 Unaudited Financial Results
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: PR Newswire
HANGZHOU, China, May 23, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsTotal net revenues were RMB1.4 billion (US$192.8 million), representing a 19.7% increase from the same period in 2023.- Net revenues from learning services were RMB718.0 million (US$99.4 million), representing a 2.0% decrease from the same period in 2023.- Net revenues from smart devices were RMB181.2 million (US$25.1 million), representing a 14.8% decrease from the same period in 2023.- Net revenues from online marketing services were RMB492.7 million (US$68.2 million), representing a 125.9% increase from the same period in 2023.Gross margin was 49.0%, compared with 51.7% for the same period in 2023."We achieved first-ever profitable first quarter and first-ever consecutive two-quarte
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News
- Results Beat Validates My Positive View Of Youdao [Seeking Alpha]Seeking Alpha
- Youdao's Multiple Financial Indicators Exceed Market Expectations; Accelerates Commercialization with AI Applications [Yahoo! Finance]Yahoo! Finance
- Youdao’s Multiple Financial Indicators Exceed Market Expectations; Accelerates Commercialization with AI ApplicationsGlobeNewswire
- Youdao, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Youdao Reports First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
DAO
Sec Filings
- 5/23/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- DAO's page on the SEC website