Youdao Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: PR Newswire
HANGZHOU, China, Feb. 29, 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 fourth quarter and fiscal year ended December 31, 2023.Fourth Quarter 2023 Financial HighlightsTotal net revenues were RMB1.5 billion (US$208.5 million), representing a 1.8% increase from the same period in 2022.- Net revenues from learning services were RMB784.0 million (US$110.4 million), representing a 2.8% decrease from the same period in 2022.- Net revenues from smart devices were RMB222.4 million (US$31.3 million), representing a 45.3% decrease from the same period in 2022.- Net revenues from online marketing services were RMB474.1 million (US$66.8 million), representing a 96.9% increase from the same period in 2022.Gross margin was 49.9%, compared with 53.3% for the same period in 2022.Fiscal Year 2023 Financial HighlightsTotal net revenues were RMB5
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News
- Youdao Filed 2023 Annual Report on Form 20-FPR Newswire
- China Adult Learning Market Growth and Trends - In-Depth Analysis and Forecast Up to 2029 [Yahoo! Finance]Yahoo! Finance
- China Adult Learning Market Growth and Trends - In-Depth Analysis and Forecast Up to 2029PR Newswire
- China Adult Learning Analysis Report 2024: Market to Surpass $195 Billion by 2029, Driven by Increasing Demand for Upskilling and Reskilling and Rise In Senior Adult Learning [Yahoo! Finance]Yahoo! Finance
- Youdao: Expecting A Better Year Ahead [Seeking Alpha]Seeking Alpha
DAO
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 2/29/24 - Form 6-K
- DAO's page on the SEC website