Youdao, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was CNY 1,163.27 million compared to CNY 1,200.54 million a year ago. Net loss was CNY 204.35 million compared to CNY 101.53 million a year ago.

Basic loss per share from continuing operations was CNY 1.67 compared to CNY 0.77 a year ago. Diluted loss per share from continuing operations was CNY 1.67 compared to CNY 0.77 a year ago. Basic loss per share was CNY 1.67 compared to CNY 0.82 a year ago.

Diluted loss per share was CNY 1.67 compared to CNY 0.82 a year ago.