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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.
Rhea-AI Summary
Youdao, Inc. announced its unaudited financial results for Q4 and FY 2023, with total net revenues of RMB5.4 billion, a 7.5% increase from 2022. Despite a decrease in net revenues from smart devices, the company saw growth in online marketing services. Gross margin was 51.4% for FY 2023. The company's AI technology integration and product launches contributed to improved financial performance.
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NetEase, Inc. announced its unaudited financial results for Q4 and fiscal year 2023, showcasing growth in net revenues, games, Youdao, Cloud Music, and innovative businesses. The company reported a 7.0% increase in net revenues, reaching RMB27.1 billion. Gross profit rose by 27.0% to RMB16.8 billion, with total operating expenses increasing by 13.0% to RMB10.0 billion. Net income attributable to shareholders was RMB6.6 billion, while non-GAAP net income was RMB7.4 billion. The company's successful games like Eggy Party and Justice franchises, along with improvements in Cloud Music and Youdao, contributed to the positive financial results.
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Youdao, Inc. will report its Q4 and fiscal year 2023 financial results on February 29, 2024. The earnings teleconference call will take place at 5:00 a.m. Eastern Time. Dial-in details for the call are provided for the US, International, Mainland China, and Hong Kong. A live and archived webcast of the call will be available on the Company's investor relations website. A replay of the call will also be accessible by phone until March 7, 2024.
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NetEase, Inc. will report financial results for the fourth quarter and fiscal year 2023 on February 29, 2024. The earnings teleconference call will take place at 7:00 a.m. Eastern Time. Interested parties can participate by dialing 1-914-202-3258 and providing conference ID: 10036635. A replay of the call will be available by dialing 1-855-883-1031 and entering PIN: 10036635. The call will be webcast live and the replay will be available for 12 months on NetEase's Investor Relations website at http://ir.netease.com/
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Youdao, Inc. (NYSE: DAO) to hold its annual general meeting of shareholders on December 14, 2023, to discuss Company affairs with management. Shareholders and ADS holders can access the annual report on the Company's investor relations website and the SEC's website. Hard copies of the annual report will be provided free of charge upon request.
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NetEase, Inc. (NASDAQ: NTES and HKEX: 9999) announced unaudited Q3 2023 financial results. Net revenues reached RMB27.3 billion, up 11.6% YoY. Games and related services net revenues increased by 16.5%. Cloud Music net revenues decreased by 16.3%. Gross profit was RMB17.0 billion, up 23.4% YoY. Net income attributable to shareholders was RMB7.8 billion. The company achieved record-high revenue from Youdao and strengthened its music-centric membership monetization. The quarter-over-quarter and year-over-year increases in gross profit margins for different segments were notable. The company's total cash and cash equivalents, current and non-current time deposits, and restricted cash, as well as short-term investments balance, totaled RMB104.4 billion as of September 30, 2023. Net cash provided by operating activities was RMB9.8 billion for Q3 2023. The board of directors approved a dividend of US$0.0990 per share for Q3 2023 and a share repurchase program of up to US$5.0 billion of the Company's ADSs and ordinary shares. Mr. Charles Zhaoxuan Yang resigned from his position as Chief Financial Officer.
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Youdao, Inc. (NYSE: DAO) announced unaudited financial results for Q3 2023, with total net revenues of RMB1.5 billion, a 9.7% increase from the same period in 2022. The company reported a 7.0% increase in net revenues from learning services, a 29.3% decrease in net revenues from smart devices, and a 113.5% increase in net revenues from online marketing services. Gross margin was 55.9%, up from 54.2% in Q3 2022. The company's CEO expressed confidence in the long-term prospects, supported by dynamic AI systems and ongoing advancements in AI products and applications.
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Youdao, Inc. will report its Q3 2023 financial results on November 16, 2023. The earnings teleconference call will take place at 5:00 a.m. Eastern Time. Dial-in details and webcast information are provided.
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NetEase, Inc. will report its financial results for the 2023 third quarter on November 16, 2023. The earnings teleconference call will take place at 7:00 a.m. Eastern Time. Interested parties can participate by dialing 1-914-202-3258 and providing conference ID: 10034483.
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NetEase reports Q2 2023 financial results with net revenues of $3.3 billion, an increase of 3.7% YoY. Gross profit increases by 11.1% YoY. Net income attributable to shareholders is $1.1 billion. Non-GAAP net income from continuing operations is $1.2 billion. Games and related value-added services net revenues increase by 3.6% YoY. Youdao net revenues increase by 26.2% YoY. Cloud Music net revenues decrease by 11.1% YoY. Innovative businesses and others net revenues increase by 9.9% YoY.
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FAQ
What is the current stock price of Youdao American Depositary Shares, each representing one (DAO)?
The current stock price of Youdao American Depositary Shares, each representing one (DAO) is $7.05 as of December 20, 2024.
What is the market cap of Youdao American Depositary Shares, each representing one (DAO)?
The market cap of Youdao American Depositary Shares, each representing one (DAO) is approximately 851.6M.
What is Youdao, Inc.?
Youdao, Inc. is an internet technology company in China that provides online services in content, community, communication, and commerce, focusing primarily on educational tools and solutions.
What services does Youdao offer?
Youdao offers a range of services including online courses, smart learning devices like Youdao Smart Pen and Youdao Pocket Translator, and online marketing services.
What is the significance of Youdao's AI technology?
Youdao's AI technology powers tools like the Mr. P AI Tutor and enhances the company's online marketing services, contributing to significant revenue growth.
How did Youdao perform financially in 2023?
In 2023, Youdao reported net revenues of RMB5.4 billion (US$759.1 million), marking a 7.5% increase from the previous year, with strong performance in online marketing services.
What are the main revenue segments for Youdao?
Youdao's main revenue segments include Learning Services, Smart Devices, and Online Marketing Services, with the majority of revenue coming from Learning Services.
What recent innovations has Youdao introduced?
Youdao has introduced the Mr. P AI Tutor, based on its proprietary large language model Ziyue, and continues to enhance its educational tools and online marketing capabilities.
Who are Youdao's target users?
Youdao targets a wide range of users including pre-school, K-12, and college students, as well as adult learners seeking lifelong education solutions.
What are Youdao's future plans?
Youdao plans to further develop its AI capabilities, expand applications of its language model Ziyue, and enhance its learning services, smart devices, and online marketing offerings.
How is Youdao supported financially?
Youdao receives financial support from NetEase Group, including short-term and long-term loans to ensure continued operations and future development.
Where can I find more information about Youdao's financial results?
More detailed information about Youdao's financial results can be found on their investor relations website at http://ir.youdao.com.
Youdao, Inc. American Depositary Shares, each representing one
NYSE:DAO
DAO Rankings
DAO Stock Data
851.57M
29.87M
4.35%
46.43%
0.15%
Education & Training Services
Consumer Defensive
United States of America
Hangzhou