Youdao, Inc. American Depositary Shares, each representing one - DAO STOCK NEWS

Youdao, Inc. (NYSE: DAO), an intelligent learning company based in China, has announced its 2022 Annual General Meeting (AGM) scheduled for May 16, 2023, from 3:00 to 5:00 p.m. Beijing Time. The AGM will take place at the company's offices in Zhongguancun Software Park. Notably, no proposals will be submitted for shareholder approval during this meeting; instead, it will serve as a platform for shareholders and ADS owners to discuss company affairs with management. Youdao is recognized for its technology-driven learning solutions, leveraging products like Youdao Dictionary and innovative educational devices. Founded in 2006 and part of NetEase, Inc. (NASDAQ: NTES), the company continues to evolve its offerings across various educational sectors.

Youdao, Inc. (NYSE: DAO) reported its unaudited financial results for Q4 and FY 2022, highlighting strong growth across various segments. In Q4, total net revenues reached RMB1.5 billion (US$210.8 million), marking a 38.6% increase year-over-year. The learning services segment generated RMB806.3 million (US$116.9 million), up by 39.2%, while net revenues from smart devices rose to RMB407.0 million (US$59.0 million), up 28.1%. The company achieved a gross margin of 53.3%, compared to 42.5% in the same quarter of 2021. For FY 2022, total revenues were RMB5.0 billion (US$726.8 million), a 24.8% increase from 2021. Notably, Youdao reported its first income from operations in Q4, amounting to RMB24.7 million (US$3.6 million).

NetEase reported Q4 2022 net revenues of RMB25.4 billion (US$3.7 billion), reflecting a 4.0% increase year-over-year. Key highlights include:

• Games and related services generated RMB19.1 billion (US$2.8 billion), up 1.6% from Q4 2021.
• Youdao revenues rose 9.0% to RMB1.5 billion (US$210.8 million).
• Cloud Music net revenues increased 25.8% to RMB2.4 billion (US$344.5 million).
• Operating expenses grew to RMB8.8 billion (US$1.3 billion), marking a 6.0% rise.
• Net income attributable to shareholders was RMB4 billion (US$573.1 million).

NetEase aims to enhance product quality and expand global reach in 2023.

NetEase, Inc. (NASDAQ: NTES) announced it will report its fourth quarter and fiscal year 2022 financial results on February 23, 2023, prior to the U.S. market opening. A live earnings teleconference will occur at 7:00 a.m. ET on the same day, allowing management to discuss results and address questions. Participants can join the call by dialing 1-914-202-3258 with conference ID: 10028543. A replay will be available until March 2, 2023. NetEase is a leading internet and online gaming company in China, also managing subsidiaries like Youdao (NYSE: DAO), focusing on intelligent learning.

Youdao, Inc. (NYSE: DAO) announced it will report its Q4 and fiscal year 2022 financial results on February 23, 2023, before the U.S. market opens. The earnings teleconference is set for 5:00 a.m. ET on the same day, with management discussing the results and answering questions. Investors can access the call via dial-in numbers and a webcast on the company's investor relations website. Youdao specializes in intelligent learning technologies in China and offers various education solutions and applications.

Youdao, Inc. (NYSE: DAO) has announced the postponement of its 2022 Annual General Meeting (AGM), originally set for December 1, 2022, due to challenges posed by the COVID-19 pandemic. The company will determine a new date for the AGM, which is subject to changes based on the pandemic's developments. Youdao is a leading intelligent learning technology company in China, providing various educational content and solutions.

Youdao, a technology-driven intelligent learning company in China, reported a significant growth in its Q3 2022 financial results. Total net revenues reached RMB1.4 billion (US$197.2 million), marking a 35.0% year-over-year increase. Key drivers included a 37.2% rise in learning services revenues (RMB888.5 million) and a 40.1% increase in smart devices revenues (RMB356.5 million). Gross profit also climbed to RMB760.2 million, with a gross margin of 54.2%. However, the company faced net losses of RMB183.9 million, albeit narrower than the previous year.

Youdao, Inc. (NYSE: DAO) will hold its annual general meeting (AGM) on December 1, 2022, in Beijing. This AGM will focus on discussions between shareholders and management, with no proposals for shareholder approval. The record date for shareholders to attend is November 21, 2022. Both Class A and B ordinary shareholders, as well as holders of American Depositary Shares (ADSs), are invited to participate. Shareholders can access the annual report via the company's investor relations website. For more details or a hard copy of the annual report, inquiries can be sent to the company.

Youdao, Inc. (NYSE: DAO), a leading intelligent learning company in China, will announce its third quarter 2022 financial results on November 17, 2022, before the U.S. market opens. A teleconference is scheduled for 5:00 a.m. ET on the same day, where management will discuss the earnings and answer questions. The conference call will be available for playback, and details can be accessed through the company's investor relations website.
Youdao focuses on education technology, offering various learning solutions and smart devices.