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

Youdao, a prominent Chinese intelligent learning company, reported its Q2 2022 financial results, showing total net revenues of RMB956.2 million (US$142.8 million), down 2.4% from Q2 2021. Net revenues from learning services fell 7.3%, while smart devices saw a 16.3% increase. Gross profit decreased by 18.1% with a gross margin of 42.8%. Despite a narrowed net loss of RMB461 million, representing a 12.3% improvement year-over-year, operating cash inflow was RMB104 million. Youdao continues to adapt to regulatory changes and has launched new products, aiming for growth in the second half of the year.

Youdao, Inc. (NYSE: DAO), a leading intelligent learning technology company in China, held its 2022 Intelligent Learning Product Launch Event on August 9, 2022, in Beijing. The event showcased the new Youdao Dictionary Pen X5, featuring a 15% faster word search and a vocabulary expansion to 10 million words. The Youdao Smart Learning Pad also demonstrated success, achieving gross billings of RMB 10 million shortly after launch. CEO Feng Zhou emphasized the company's commitment to advancing learning through technology and expanding its product offerings.

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.

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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.