Youdao, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
February 25, 2021 at 03:30 am EST
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Youdao, Inc. reports unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2020. For the quarter, total net revenues were RMB 1,106,796,000 against RMB 410,432,000 reported a year ago. Loss from operations were RMB 452,771,000 against RMB 204,030,000 reported a year ago. net loss was RMB 447,934,000 against RMB 202,885,000 reported a year ago. Basic net loss per ADS was RMB 3.93 against RMB 1.95 reported a year ago.
For the full year, total net revenues were RMB 3,167,515,000 against RMB 1,304,883,000 reported a year ago. Loss from operations were RMB 1,805,784,000 against RMB 600,918,000 reported a year ago. net loss was RMB 1,753,352,000 against RMB 601,455,000 reported a year ago. Basic net loss per ADS was RMB 15.53 against RMB 6.68 reported 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. 
