Youdao, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 04:30 am EDT
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Youdao, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CNY 1,206.63 million compared to CNY 956.23 million a year ago. Net loss was CNY 299.16 million compared to CNY 453.89 million a year ago. Basic loss per share from continuing operations was CNY 2.45 compared to CNY 3.67 a year ago. Diluted loss per share from continuing operations was CNY 2.45 compared to CNY 3.67 a year ago. Basic loss per share was CNY 2.45 compared to CNY 3.67 a year ago. Diluted loss per share was CNY 2.45 compared to CNY 3.67 a year ago.
For the six months, revenue was CNY 2,369.9 million compared to CNY 2,156.77 million a year ago. Net loss was CNY 503.51 million compared to CNY 555.41 million a year ago. Basic loss per share from continuing operations was CNY 4.12 compared to CNY 4.45 a year ago. Diluted loss per share from continuing operations was CNY 4.12 compared to CNY 4.45 a year ago. Basic loss per share was CNY 4.12 compared to CNY 4.5 a year ago. Diluted loss per share was CNY 4.12 compared to CNY 4.5 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. 
