Youdao, Inc. - DAO STOCK NEWS

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.

Youdao, Inc. (NYSE: DAO) announced its plan to dispose of its after-school tutoring services in compliance with new PRC regulations requiring such providers to re-register as non-profit organizations. This decision follows the Central Government Opinions aimed at alleviating the burden of homework and tutoring for students in China. In Q2 2021, the Academic AST Business accounted for approximately 24% of Youdao's total revenue. The company expects the transaction to be completed by the end of 2021, pending negotiations and regulatory approval.

Youdao, a leading intelligent learning company in China, reported a significant financial performance for Q2 2021 with total net revenues reaching RMB1.3 billion (US$200.3 million), marking a 107.5% increase year-over-year. Key highlights include a 112.4% rise in learning services revenue and a 138.8% increase in learning products revenue. However, the company faces ongoing challenges due to regulatory changes in the K-12 education sector, which may materially impact its operations. Despite operating losses of RMB544.4 million (US$84.3 million), cash reserves improved to RMB1.9 billion (US$294.4 million).

Youdao, Inc. (NYSE: DAO), a prominent intelligent learning company in China, will report its second quarter 2021 financial results on August 31, 2021, prior to the U.S. market opening. Management will host an earnings call at 7:00 a.m. ET to discuss these results and field questions from analysts. Interested parties can access the live and archived webcast via Youdao's investor relations website. For further inquiries, Youdao has provided contact information for both their U.S. and China offices.

Youdao, Inc. (NYSE: DAO) announced compliance with new Beijing Municipality regulations aimed at reducing homework and after-school tutoring burdens on students. The regulatory framework prohibits new academic tutoring service providers and mandates existing ones to re-register as non-profits. Additionally, restrictions include prohibiting classes during holidays and weekends, limiting curriculum content, and banning foreign investment in academic tutoring. These measures could significantly impact Youdao's K-12 revenue, which accounted for less than 50% of total revenues in Q1 2021.