Youdao Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: Yahoo! Finance
technology in China , today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 Fourth Quarter 2023 Financial Highlights Total 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 Highlights Total net revenues were RMB5.4 billion US$759.1 million ), representing a 7.5% increase from 2022. - Net revenues from learning services were RMB3.1 billion
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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