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

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.

Youdao, Inc. (NYSE: DAO) reported its fourth quarter and fiscal year 2021 results, showcasing significant growth despite regulatory challenges. In Q4, total net revenues rose 22.6% year-over-year to RMB1.0 billion (US$164.6 million), while fiscal year revenues reached RMB4.0 billion (US$630.2 million), up 58.9%. Notably, revenues from learning services increased by 61.3%, and smart device sales surged 81.6%. However, gross margins declined to 42.5% from 46.7% due to rising expenses. The company has ceased its after-school tutoring services as part of compliance with new regulations.

Youdao, a leading intelligent learning company in China, reported its financial results for Q4 2021 and the fiscal year ending December 31, 2021. Total net revenues for Q4 reached RMB1.0 billion (US$164.6 million), a 22.6% increase year-over-year. For the fiscal year, net revenues totaled RMB4.0 billion (US$630.2 million), up 58.9% from 2020. However, gross margin decreased to 42.5% in Q4 from 46.7% in the previous year. The company has ceased its after-school tutoring services in compliance with new regulations. Operating loss for Q4 was RMB248.3 million (US$39 million).

Youdao, Inc. (NYSE: DAO) will announce its fourth quarter and fiscal year 2021 financial results on February 24, 2022, before U.S. market opens. The earnings teleconference is scheduled for 6:00 a.m. ET on the same day, where management will review results and answer questions. Investors can access a live and archived webcast on the Company's investor relations website. Youdao, a leading AI company in China, focuses on technology-driven learning solutions for users of all ages, leveraging its popular educational tools and applications.

Youdao, Inc. (NYSE: DAO) announced its upcoming inclusion in the MSCI China All Shares Small Cap Index, effective November 30, 2021. This recognition highlights the company's strong business performance and growth potential, aimed at enhancing visibility and stock liquidity for global investors. The MSCI Index serves as a significant benchmark for institutional investors seeking to optimize their portfolios, further validating Youdao's position in the intelligent learning sector.

Youdao, Inc. (NYSE: DAO) reported its Q3 2021 financial results, achieving net revenues of RMB1.4 billion (US$215.3 million), up by 54.8% year-over-year. Revenue from learning services hit RMB995.7 million (US$154.5 million), a 65.9% increase, and learning products rose by 56.0% to RMB254.5 million (US$39.5 million). However, gross billings fell by 33.9% to RMB631.6 million (US$98.0 million>. Youdao plans to divest its Academic AST Business to comply with regulations. The net loss attributable to ordinary shareholders narrowed to RMB128.9 million (US$20.0 million), a significant improvement from last year.

Youdao, Inc. (NYSE: DAO), a prominent intelligent learning company in China, will report its third quarter 2021 financial results on November 16, 2021, before U.S. market opening. The earnings teleconference is set for 6:00 a.m. ET on the same day, allowing management to discuss the results and answer questions. A live and archived webcast will be available on Youdao's investor relations website. The company has expanded its offerings from online dictionaries to various educational applications and smart learning devices, supporting users of all ages.

On November 5, 2021, Youdao, Inc. (NYSE: DAO) announced that its platform, NetEase Cloud Classroom, has launched approximately 100 free digital training courses in collaboration with Amazon Web Services (AWS). These courses aim to bridge the gap between the demand and supply of skilled IT professionals in China. The offerings cover a range of topics, including cloud concepts, security, and AI, benefiting learners looking to enhance their skills. Users can access these courses via the NetEase Cloud Classroom app.

Youdao, Inc. (NYSE: DAO) will hold its annual general meeting (AGM) on December 9, 2021, from 3:00 p.m. to 5:00 p.m. Beijing Time at its Beijing offices. The AGM serves as a platform for shareholders to engage with management, with no formal proposals for approval. The record date for attendance is November 19, 2021. Both shareholders and beneficial owners of American Depositary Shares (ADSs) are invited to attend. Shareholders can access the company’s annual report through its investor relations website.