Welcome to our dedicated page for Youdao news (Ticker: DAO), a resource for investors and traders seeking the latest updates and insights on Youdao stock.
Youdao, Inc. (NYSE: DAO) regularly issues news and updates as an AI-powered solutions provider focused on artificial intelligence applications for the learning and advertising verticals. Its releases cover developments across learning services, online marketing services and smart devices, as well as information about its AI-Native strategy and large language model initiatives.
On this news page, readers can follow Youdao's announcements about unaudited quarterly financial results, where the company reports net revenues and segment performance for learning services, smart devices and online marketing services. These releases often highlight trends such as changes in gross margin, operating profit and the contribution of AI-driven subscription services.
Youdao's news also describes the rollout and enhancement of specific AI capabilities, including references to its Confucius large model, AI features in the Youdao Dictionary application, AI-powered subscription offerings and tools like the AI Ad Placement Optimizer, iMagicBox and its influencer platform. In addition, the company publishes notices about annual general meetings of shareholders, including the date, time and purpose of these meetings.
Because Youdao is a majority-controlled subsidiary of NetEase, NetEase's own releases sometimes summarize Youdao's net revenues and position within the broader NetEase group. Investors and observers who follow DAO-related news can use this page to review Youdao's official communications, track how its AI-Native strategy is described over time and see how its learning, advertising and smart device segments are characterized in its public statements.
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.
Youdao reported Q2 2024 financial results with total net revenues of RMB1.3 billion (US$181.9 million), a 9.5% increase year-over-year. Key highlights include:
- Net revenues from online marketing services grew 68.4% to RMB511.2 million
- Gross margin improved to 48.2% from 47.0% last year
- Operating loss narrowed significantly to RMB72.6 million from RMB289.1 million
- Net loss attributable to shareholders decreased to RMB99.5 million from RMB299.2 million
The company saw strong growth in AI-driven subscription services and online marketing, while learning services and smart device revenues declined. Youdao expects to achieve full-year positive operating income in the near future, driven by AI empowerment across business lines.
Youdao (NYSE: DAO), a leading intelligent learning company in China, has announced it will release its second quarter 2024 financial results on August 22, 2024, before U.S. markets open. The company will host an earnings teleconference call with a simultaneous webcast at 6:00 a.m. Eastern Time (6:00 p.m. Beijing/Hong Kong Time) on the same day. Management will discuss quarterly results and answer questions during the call.
Investors can access the live and archived webcast on Youdao's investor relations website. A replay of the conference call will be available by phone for one week after the live call, until August 29, 2024. The company has provided toll-free and international dial-in numbers for various regions, including the United States, Mainland China, and Hong Kong.
NetEase (NASDAQ: NTES, HKEX: 9999), a leading internet and game services provider, has announced its plans to report financial results for the second quarter of 2024 on Thursday, August 22, 2024, before the U.S. markets open. The company will host an earnings teleconference call with a simultaneous webcast at 8:00 a.m. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day. NetEase's management will discuss the quarterly results and answer questions during the call.
Interested parties can participate by dialing 1-914-202-3258 with conference ID: 10040836. A replay will be available until August 29, 2024, by dialing 1-855-883-1031 and entering PIN: 10040836. The live webcast and a 12-month replay will be accessible on NetEase's Investor Relations website at http://ir.netease.com/.
Youdao launched the Youdao Dictionary Pen X7 at the World AI Conference on July 4, 2024, in Shanghai. This device is a key step in AI-integrated tutoring, featuring an in-built camera and access to a 72 million-word database for efficient language learning and translation. The Dictionary Pen X7 utilizes Ziyue, China's first educational large language model (LLM), and offers comprehensive educational support across subjects like Chinese, math, and physics.
Additionally, Youdao showcased other innovations such as the Youdao Listening Pod E6 Pro, Hi Echo—the first digital human language coach—and Youdao Fun Sports, an intelligent sports terminal. Hi Echo, which now includes IELTS speaking preparation, has surpassed one million users. Youdao Translation, boasting over one billion users, introduced AI-enhanced features for translation and productivity. The LLM Ziyue's applications now extend beyond education into healthcare, media, and more, underscoring Youdao's commitment to AI-driven innovation.
Youdao (NYSE: DAO), an intelligent learning company in China, announced its unaudited financial results for Q1 2024. Total net revenues rose 19.7% YoY to RMB1.4 billion (US$192.8 million). Revenue from online marketing services surged by 125.9%, while learning services and smart devices saw declines of 2.0% and 14.8%, respectively. Gross margin decreased to 49.0%, down from 51.7% in Q1 2023. Operating expenses dropped significantly by 18.3%. The company reported a net income of RMB12.4 million (US$1.7 million) compared to a loss of RMB204.4 million in Q1 2023. As of March 31, 2024, cash and short-term investments totaled RMB326.0 million (US$45.2 million). The company executed a share repurchase program, buying back approximately 6.6 million ADSs worth US$30.4 million.
NetEase (NASDAQ: NTES and HKEX: 9999) reported an increase in net revenues of 7.2% YoY to RMB26.9 billion (US$3.7 billion) for Q1 2024. Games and related services saw a 7.0% rise, reaching RMB21.5 billion (US$3.0 billion). Youdao's net revenues grew by 19.7% to RMB1.4 billion (US$192.8 million), and Cloud Music posted a 3.6% increase, hitting RMB2.0 billion (US$281.1 million). Gross profit was up by 14.2% YoY to RMB17.0 billion (US$2.4 billion), but operating expenses surged by 22.4% to RMB9.4 billion (US$1.3 billion). Net income attributable to shareholders was RMB7.6 billion (US$1.1 billion), while non-GAAP net income was RMB8.5 billion (US$1.2 billion). Basic net income per share stood at US$0.33 (US$1.65 per ADS), with non-GAAP basic net income at US$0.37 (US$1.84 per ADS).
Key operational highlights included continued success in established game franchises, strong performances from new game releases, and expanded regional launches. NetEase renewed its publishing agreement with Blizzard and enhanced its collaboration with Microsoft Gaming. Youdao achieved its first sequential quarter of positive net income, and Cloud Music focused on its core business, implementing a comprehensive product upgrade.
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