Youdao, Inc. Stock Price, News & Analysis

Youdao (NYSE: DAO), a Chinese intelligent learning company, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 20, 2025, before U.S. markets open. The company will host an earnings teleconference call with simultaneous webcast at 5:00 a.m. Eastern Time (6:00 p.m. Beijing/Hong Kong Time) on the same day.

Management will discuss quarterly results and take questions during the call. A live and archived webcast will be available on Youdao's investor relations website. The conference call replay will be accessible until February 27, 2025.

Youdao showcased its AI-equipped Youdao Dictionary Pen X7 series at CES 2025, featuring proprietary applications powered by their 'Zi Yue' educational large language model. The device includes Hi Echo and Mr. P AI Tutor applications, along with offline translation capabilities through an edge-side large language model.

The X7 series has achieved significant market success, becoming the best-selling product in its price range with over 30,000 units sold. During China's 2024 Nov 11th Shopping Festival, the X7 Pro topped industry rankings on major e-commerce platforms, marking Youdao's fifth consecutive year leading the category on JD.com and Tmall.

The company has implemented edge model applications to enhance efficiency and user experience, allowing offline functionality while maintaining high-quality translations comparable to online Neural Machine Translation systems. Youdao's AI subscription service has shown consistent growth for seven consecutive quarters.

Youdao has scheduled its Annual General Meeting (AGM) for December 12, 2024, from 3:00 p.m. to 5:00 p.m. Beijing Time. The meeting will be held at the company's Beijing offices and will feature presentations from CEO Dr. Feng Zhou and other senior management team members.

Shareholders and interested parties can access the live broadcast through the company's investor relations website. An archived replay of the meeting will also be available at ir.youdao.com.

NetEase (NTES) reported Q3 2024 financial results with net revenues of RMB26.2 billion (US$3.7 billion), showing a 3.9% year-over-year decrease. The company's gaming segment revenue declined 4.2% to RMB20.9 billion, while Youdao and NetEase Cloud Music saw modest growth of 2.2% and 1.3% respectively. Net income attributable to shareholders was RMB6.5 billion (US$931.7 million), with non-GAAP earnings of US$0.33 per share. The company declared a quarterly dividend of US$0.0870 per share and continued its share repurchase program, having bought back US$1.6 billion worth of ADSs.

Youdao (NYSE: DAO) announced it will hold its annual general meeting (AGM) on December 12, 2024, from 3:00-5:00 PM Beijing Time at its Beijing offices. The meeting will serve as an open forum for shareholders and ADS holders to discuss company affairs with management, with no proposals requiring shareholder approval. The record date is set for December 2, 2024. Holders of Class A and Class B ordinary shares, along with ADS beneficial owners, are entitled to attend in person. The company's annual report is available on their investor relations website and SEC's website, with hard copies available upon request.

Youdao (NYSE: DAO) reported Q3 2024 financial results with total net revenues of RMB1.6 billion (US$224.1 million), a 2.2% YoY increase. The company achieved record-high operating income of RMB107.3 million, compared to a loss of RMB57.7 million in Q3 2023. While learning services revenue declined 19.2%, smart devices and online marketing services grew 25.2% and 45.6% respectively. Gross margin decreased to 50.2% from 55.9% YoY. The company reported net income of RMB86.3 million, a significant improvement from a net loss of RMB102.9 million in the same period last year. Notable developments include AI-driven subscription services growth of over 150% YoY and continued implementation of their LLM technology.

Youdao (NYSE: DAO), a Chinese intelligent learning company, announced it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before U.S. markets open. The earnings teleconference call and webcast will be held at 5:00 a.m. Eastern Time (6:00 p.m. Beijing/Hong Kong Time) on the same day. Management will discuss quarterly results and take questions during the call. A replay will be available until November 21, 2024.

NetEase (NASDAQ: NTES, HKEX: 9999) has announced it will release its third quarter 2024 financial results on Thursday, November 14, 2024, before U.S. markets open. The company will host an earnings teleconference call with simultaneous webcast at 7:00 a.m. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day. Management will discuss quarterly results and take questions during the call. A replay will be available through November 21, 2024, and the webcast replay will be accessible for 12 months on NetEase's Investor Relations website.

NetEase reported strong Q2 2024 financial results with net revenues of RMB25.5 billion (US$3.5 billion), up 6.1% year-over-year. Key highlights include:

- Games and related services revenue increased 6.7% to RMB20.1 billion
- Gross profit rose 11.6% to RMB16.0 billion
- Net income was RMB6.8 billion (US$930.0 million)
- Non-GAAP net income reached RMB7.8 billion (US$1.1 billion)

The company launched popular new titles like Lost Light and Once Human, while existing games like Naraka: Bladepoint and Identity V continued strong performance. NetEase also announced plans to bring several titles to major gaming platforms and consoles. The company declared a quarterly dividend of US$0.0870 per share.