Youdao Inc - DAO STOCK NEWS

NetEase, Inc. filed its annual report on Form 20-F for fiscal year 2023 and released its 2023 Environmental, Social, and Governance Report. Shareholders can access the report online or request a hard copy for free. The ESG report highlights the company's achievements in key areas.

Blizzard Entertainment, Microsoft Gaming, and NetEase announce the return of beloved video game titles to mainland China in a renewed publishing deal starting summer 2024. The partnership aims to deliver exceptional gaming experiences to players across platforms and markets.

NetEase, Inc. (NTES) to showcase game development expertise at the 2024 Game Developers Conference, highlighting innovative technologies and immersive gaming experiences. The company's presentations will cover topics like Chinese game studios, bug analysis, frustum culling, creature design, and the evolution of China's board game market.

Youdao, Inc. announced its unaudited financial results for Q4 and FY 2023, with total net revenues of RMB5.4 billion, a 7.5% increase from 2022. Despite a decrease in net revenues from smart devices, the company saw growth in online marketing services. Gross margin was 51.4% for FY 2023. The company's AI technology integration and product launches contributed to improved financial performance.

NetEase, Inc. announced its unaudited financial results for Q4 and fiscal year 2023, showcasing growth in net revenues, games, Youdao, Cloud Music, and innovative businesses. The company reported a 7.0% increase in net revenues, reaching RMB27.1 billion. Gross profit rose by 27.0% to RMB16.8 billion, with total operating expenses increasing by 13.0% to RMB10.0 billion. Net income attributable to shareholders was RMB6.6 billion, while non-GAAP net income was RMB7.4 billion. The company's successful games like Eggy Party and Justice franchises, along with improvements in Cloud Music and Youdao, contributed to the positive financial results.

Youdao, Inc. will report its Q4 and fiscal year 2023 financial results on February 29, 2024. The earnings teleconference call will take place at 5:00 a.m. Eastern Time. Dial-in details for the call are provided for the US, International, Mainland China, and Hong Kong. A live and archived webcast of the call will be available on the Company's investor relations website. A replay of the call will also be accessible by phone until March 7, 2024.

NetEase, Inc. will report financial results for the fourth quarter and fiscal year 2023 on February 29, 2024. The earnings teleconference call will take place at 7:00 a.m. Eastern Time. Interested parties can participate by dialing 1-914-202-3258 and providing conference ID: 10036635. A replay of the call will be available by dialing 1-855-883-1031 and entering PIN: 10036635. The call will be webcast live and the replay will be available for 12 months on NetEase's Investor Relations website at http://ir.netease.com/

Youdao, Inc. (NYSE: DAO) to hold its annual general meeting of shareholders on December 14, 2023, to discuss Company affairs with management. Shareholders and ADS holders can access the annual report on the Company's investor relations website and the SEC's website. Hard copies of the annual report will be provided free of charge upon request.

NetEase, Inc. (NASDAQ: NTES and HKEX: 9999) announced unaudited Q3 2023 financial results. Net revenues reached RMB27.3 billion, up 11.6% YoY. Games and related services net revenues increased by 16.5%. Cloud Music net revenues decreased by 16.3%. Gross profit was RMB17.0 billion, up 23.4% YoY. Net income attributable to shareholders was RMB7.8 billion. The company achieved record-high revenue from Youdao and strengthened its music-centric membership monetization. The quarter-over-quarter and year-over-year increases in gross profit margins for different segments were notable. The company's total cash and cash equivalents, current and non-current time deposits, and restricted cash, as well as short-term investments balance, totaled RMB104.4 billion as of September 30, 2023. Net cash provided by operating activities was RMB9.8 billion for Q3 2023. The board of directors approved a dividend of US$0.0990 per share for Q3 2023 and a share repurchase program of up to US$5.0 billion of the Company's ADSs and ordinary shares. Mr. Charles Zhaoxuan Yang resigned from his position as Chief Financial Officer.