Youdao, Inc. Announces Earnings Results for the Nine Months Ended September 30, 2020
February 10, 2021 at 06:32 am EST
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Youdao, Inc. announced earnings results for the nine months ended September 30, 2020. For the nine months, Total net revenues of RMB 2,060,719,000 compared to RMB 894,451,000 a year ago. Net loss was RMB 1,305,418,000 compared to RMB 398,570,000 a year ago. Net loss per ordinary share was RMB 11.60 compared to RMB 4.69 a year ago.
Youdao, Inc. is an intelligent learning company that develops and uses technologies to provide learning content, applications and solutions for users of all ages. The Company operates two business segments. The Learning Services and Products segment offers online courses, including the Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, as well as learning products such as the Youdao Dictionary and Youdao Cloudnote, sales Youdao Dictionary Pen and Youdao Pocket Translator, and provides learning services to customers. The Online Marketing Services segment is engaged in providing different forms of advertising for marketing.
YOUDAO, INC. 
