Youdao, Inc. Stock Price, News & Analysis

Youdao, Inc. (NYSE: DAO), a prominent intelligent learning company in China, announced it will disclose its Q2 2022 financial results on August 18, 2022, before U.S. market opens. The earnings call will occur at 6:00 a.m. ET on the same day, with management available for discussions and Q&A. Investors can join via specific dial-in numbers or through a webcast on the company's investor relations site. Youdao focuses on innovative learning solutions, leveraging technology to offer various educational services and tools.

Blizzard Entertainment has launched Diablo Immortal, the largest mobile entry in the Diablo franchise, now available for free on iOS and Android, with an open beta on Windows PC via Battle.net.

More than 35 million players pre-registered, and those logging in within 30 days can claim the Horadrim Cosmetic Set. The game features solo or multiplayer modes, cross-play, six classes, and ongoing content updates, setting a new standard in mobile gaming.

Youdao, Inc. (NYSE: DAO) released its inaugural Corporate Social Responsibility (CSR) report on May 23, 2022. The report details the company's policies and achievements in 2021, emphasizing its commitment to enhancing high-quality education through technology. Youdao has formed partnerships with over 20 educational institutions and provided services for free to support students amid regulatory challenges. Notably, it launched the iCourse International MOOC Platform and offered free remote teaching services to 2 million students. The company aims to empower users and society with digital learning solutions.

Youdao, Inc. (DAO) reported its first-quarter 2022 financial results, achieving total net revenues of RMB1.2 billion (US$189.4 million), a 26.6% increase year-over-year. Learning services revenues surged 36.1% to RMB826.0 million (US$130.3 million). Smart devices revenue rose by 25.4%, while online marketing services declined by 12.7%. The gross margin improved to 53.5%. Operating loss narrowed by 49.6% quarter-over-quarter to RMB125.1 million. As of March 31, 2022, Youdao's cash and equivalents totaled RMB1.2 billion, reflecting financial support from NetEase Group amidst a challenging regulatory environment.

Youdao, Inc. (NYSE: DAO), a leading intelligent learning company in China, will announce its Q1 2022 financial results on May 24, 2022, before U.S. market opening. The earnings call will occur at 7:00 a.m. ET, featuring a discussion of the results and a Q&A session with management. Dial-in details for participants are provided, including toll-free numbers for the U.S. and international callers. The conference will be accessible via live and archived webcasts on their investor relations website. For more information, visit Youdao's website.

Youdao, Inc. (NYSE: DAO), a technology-focused learning company in China, has been identified by the SEC as a Commission-Identified Issuer due to its auditor's inability to be inspected by the PCAOB. This designation stems from the filing of its annual report on April 28, 2022, which included an audit report. According to the Holding Foreign Companies Accountable Act (HFCAA), if this situation persists for three consecutive years, Youdao's shares may be prohibited from trading in the U.S. However, Youdao's American Depositary Shares (ADSs) continue to trade without interruption, and the company states this update will not impact its business operations.

Youdao, Inc. (NYSE: DAO) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission as of April 28, 2022. The report can be accessed on Youdao's investor relations website and the SEC's website. Hard copies of the report will be available free of charge to shareholders and ADS holders upon request. Youdao, based in Hangzhou, China, specializes in intelligent learning, offering various educational content and digital solutions, alongside popular tools like Youdao Dictionary and Translation.

Blizzard Entertainment announced that Diablo Immortal will launch on June 2, with over 30 million players pre-registered globally. The game, designed for mobile and PC, features cross-play and cross-progression. Players can choose from six classes and explore a new storyline, with content updates planned post-launch. Notably, the title is free-to-play, supported by in-game purchases. The Open Beta for PC will include all features and retain player progress. Blizzard aims to deliver an AAA experience that captures the franchise's legacy.

On April 20, 2022, Youdao launched the Youdao Dictionary Pen 3 Global Version, a groundbreaking device aimed at aiding language learners and individuals with reading difficulties. This pen utilizes advanced technology, including Optical Character Recognition (OCR) for scanning text with a 99% accuracy rate and translating it in 1 second without internet access. The pen supports bidirectional translation between English, Chinese, and Spanish, with future updates planned for Korean and Japanese. It effectively assists dyslexic users with its Text-to-Speech feature, enhancing reading independence.