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. reports developments as an NYSE-listed ADR for a China-based AI solutions provider focused on learning and advertising. Company news centers on quarterly and annual results, Form 20-F filing announcements, and updates on its learning services, online marketing services, and smart devices businesses.
Company announcements also describe Youdao's use of artificial intelligence applications and advanced technologies across learning content, advertising solutions, and devices such as the Youdao Dictionary Pen and Youdao Pocket Translator. Recurring context includes its relationship with NetEase, which founded Youdao in 2006 and describes it as a majority-controlled subsidiary.
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.
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), 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.