Youdao Inc (DAO) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: Yahoo! Finance
Smart Devices Revenue: RMB315.3 million ($44.9 million), a 25.2% increase from Q3 2023. Online Marketing Services Revenue: RMB489.4 million ($69.7 million), a 45.6% increase from Q3 2023. Total Gross Profit: RMB789.5 million ($112.5 million), an 8.2% decrease from Q3 2023. Gross Margin - Learning Services: 62.1%, down from 67.8% in Q3 2023. Gross Margin - Smart Devices: 42.8%, up from 42.6% in Q3 2023. Gross Margin - Online Marketing Services: 36.3%, up from 31.9% in Q3 2023. Operating Income Margin: 6.8%, compared to an operating loss margin of 3.7% in Q3 2023. Net Income Attributable to Ordinary Shareholders: RMB86.3 million ($12.3 million), compared to a net loss of RMB102.9 million in Q3 2023. Non-GAAP Net Income: RMB88.7 million ($12.6 million), compared to a non-GAAP net loss of RMB67.3 million in Q3 2023. Basic and Diluted Net Income per ADS: RMB0.74 ($0.11). Non-GAAP Basic and Diluted Net Income per ADS: RMB0.76 ($0.11). Net Cash Used in Operating Activi
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News
- Youdao, Inc. (NYSE: DAO) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
- MoonFox Analysis | Large Models Implemented in K12 Online Education: Continuous Innovation and Upgrade of Product Functions in Off-campus Scenarios [Yahoo! Finance]Yahoo! Finance
- Youdao 2024 Annual General Meeting of ShareholdersPR Newswire
- NetEase Q3 Earnings: Top Forecasts As Cloud Music Grows, Gaming Weakens [Yahoo! Finance]Yahoo! Finance
- Youdao Reports Third Quarter 2024 Unaudited Financial ResultsPR Newswire
DAO
Sec Filings
- 11/26/24 - Form S-8
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- DAO's page on the SEC website