Youdao, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 16, 2021 at 03:30 am EST
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Youdao, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was CNY 1,387.29 million compared to CNY 896.04 million a year ago. Net loss was CNY 128.9 million compared to CNY 877.81 million a year ago. Basic loss per share from continuing operations was CNY 1.05 compared to CNY 7.73 a year ago. Diluted loss per share from continuing operations was CNY 1.05 compared to CNY 7.73 a year ago.
For the nine months, revenue was CNY 4,020.57 million compared to CNY 2,060.72 million a year ago. Net loss was CNY 979.04 million compared to CNY 1,305.04 million a year ago. Basic loss per share from continuing operations was CNY 8.08 compared to CNY 11.6 a year ago. Diluted loss per share from continuing operations was CNY 8.08 compared to CNY 11.6 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. 
