Youdao, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 23, 2024 at 04:30 am EDT
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Youdao, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was CNY 1,391.86 million compared to CNY 1,163.27 million a year ago. Net income was CNY 12.43 million compared to net loss of CNY 204.35 million a year ago.
Basic earnings per share from continuing operations was CNY 0.11 compared to basic loss per share from continuing operations of CNY 1.67 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to diluted loss per share from continuing operations of CNY 1.67 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. 
