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) is a prominent internet technology company in China that specializes in providing a wide range of innovative online services catering to content, community, communication, and commerce. Founded in 2006 as part of NetEase, Inc., Youdao has grown to be a key player in the e-learning market, driven by its industry-leading technology and commitment to enhancing learning experiences.
Core Offerings and Segments
- Learning Services: Youdao offers an extensive range of educational content and online courses tailored for various age groups, from pre-school and K-12 students to college students and adult learners. Key platforms include Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC.
- Smart Devices: The company produces advanced educational tools like the Youdao Smart Pen, Youdao Dictionary Pen, and Youdao Pocket Translator, designed to assist learners in their educational journey.
- Online Marketing Services: Utilizing cutting-edge AI technology, Youdao delivers performance-based advertisements, significantly boosting its revenue streams.
Recent Achievements and Financial Performance
In 2023, Youdao achieved notable milestones, including the introduction of AI-driven products like the Mr. P AI Tutor, powered by the proprietary large language model Ziyue. This innovation has been well-received, contributing to a substantial increase in revenues from online marketing services by over 50% year-over-year for five consecutive quarters. The company reported RMB1.5 billion (US$208.5 million) in net revenues for Q4 2023, with significant growth in online marketing services despite a decrease in smart device sales.
For the fiscal year 2023, Youdao reported net revenues of RMB5.4 billion (US$759.1 million), a 7.5% increase from 2022. The company continues to streamline its operations and leverage strategic partnerships, such as those within the NetEase Group, to secure financial stability and support future growth.
Future Outlook
Looking forward, Youdao is committed to further enhancing its AI capabilities and expanding the applications of its Ziyue language model. The company aims to explore new opportunities in learning services, smart devices, and online marketing to support user efficiency and effectiveness in both learning and work environments.
For more information, visit Youdao Investor Relations.
Youdao (NYSE: DAO) reported its Q4 and FY 2024 financial results, achieving its first-ever full-year profitability. In Q4 2024, total net revenues decreased 9.5% YoY to RMB1.3 billion (US$183.6 million), while income from operations increased 10.3% to RMB84.2 million.
For FY 2024, total revenues increased 4.4% to RMB5.6 billion, with online marketing services growing 48.3%. The company reported income from operations of RMB148.8 million, compared to a loss of RMB466.3 million in 2023. Learning services revenue declined 12.7% due to a more selective customer acquisition strategy.
The company's AI initiatives showed positive results, with Youdao Lingshi achieving over 70% retention rate in Q4. The company announced its 'AI Native' strategy to integrate AI across business lines. NetEase Group has committed to providing financial support for the next 36 months starting from May 2024.
NetEase (NTES) reported Q4 2024 financial results with net revenues of RMB26.7 billion (US$3.7 billion), down 1.4% year-over-year. The company's gaming segment generated RMB21.2 billion, showing a 1.5% increase, while Youdao and Cloud Music segments saw decreases of 9.5% and 5.3% respectively.
Notable gaming highlights include Marvel Rivals achieving over 40 million registered users, and Where Winds Meet surpassing 15 million players across PC and mobile platforms. The company's net income reached RMB8.8 billion (US$1.2 billion), with non-GAAP net income at RMB9.7 billion (US$1.3 billion).
For fiscal year 2024, NetEase reported total net revenues of RMB105.3 billion (US$14.4 billion), up from RMB103.5 billion in 2023. The company declared a quarterly dividend of US$0.24405 per share and continued its share repurchase program, having bought back approximately 21.2 million ADSs for US$1.9 billion as of December 31, 2024.
NetEase (NASDAQ: NTES) has announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, February 20, 2025, 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.
Participants can join the conference call by dialing 1-914-202-3258 with conference ID 10044895. A replay will be available until February 27, 2025, by dialing 1-855-883-1031 with PIN 10044895. The webcast and its replay will be accessible for 12 months on NetEase's Investor Relations website.
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.
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.
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), 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.
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