Youdao, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 31, 2021 at 04:30 am EDT
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Youdao, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total net revenues of RMB 623,290,000 against RMB 1,293,407,000 a year ago. Loss from operations was RMB 283,013,000 against RMB 544,372,000 a year ago. Net loss was RMB 257,827,000 against RMB 525,034,000 a year ago. Basic and diluted net loss per ADS was RMB 2.30 against RMB 4.29 a year ago.
For the six months, the company reported total net revenues of RMB 1,164,678,000 against RMB 2,633,274,000 a year ago. Loss from operations was RMB 459,009,000 against RMB 865,226,000 a year ago. Net loss was RMB 427,309,000 against RMB 851,692,000 a year ago. Basic and diluted net loss per ADS was RMB 3.81 against RMB 7.07 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. 
