YoudaoNYSE: DAO

HANGZHOU, China , Oct. 31, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m.

On October 3, NetEase Youdao (DAO, Financial) experienced a significant increase of 30.79%, reaching $5.65 per share with a trading volume of $3.47 million.

DAO's operating loss and net loss narrowed significantly on a YoY basis in Q2 2024. Youdao is well-positioned to record positive operating profit for 2H 2024 and the full-year, considering seasonality effects, the restructuring of non-core operations, and the optimization of marketing costs with AI. The stock is deserving of a higher P/S multiple and a Buy rating, taking into account the prospects of the company hitting an operating profitability inflection point this year.

HANGZHOU, China , Aug. 22, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total net revenues were RMB1.3 billion (US$181.9 million), representing a 9.5% increase from the same period in 2023.

HANGZHOU, China , Aug. 5, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its second quarter 2024 financial results on Thursday, August 22, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 6:00 a.m.

HANGZHOU, China , July 11, 2024 /PRNewswire/ --Youdao introduced its latest smart device, the Youdao Dictionary Pen X7, at the World AI Conference on July 4, 2024, in Shanghai. This launch marks a significant step forward in the field of integrated tutoring, utilizing artificial intelligence to expand educational opportunities.

Youdao, Inc. (NYSE:DAO ) Q1 2024 Results Conference Call May 23, 2024 6:00 AM ET Company Participants Jeffrey Wang - Director, Investor Relations Feng Zhou - Chief Executive Officer Lei Jin - President Peng Su - Vice President, Strategies and Capital Markets Wayne Li - VP of Finance & Senior Financial Controller Conference Call Participants Brian Gong - Citigroup Caini Wang - CICC Thomas Chong - Jefferies Bo Zhang - Huatai Securities Ya Jiang - CITIC Linda Huang - Macquarie Operator Good day, and welcome to the Youdao 2024 First Quarter Earnings Conference Call. Today's conference is being recorded.

Youdao's revenue growth is expected to accelerate this year with the expansion of the online marketing services business in the gaming sector and overseas markets, and the conclusion of the smart devices business' channel optimization exercise. Net loss for DAO is likely to narrow in a meaningful way for 2024, as there are opportunities for profitability improvement with its smart devices business and its learning services business. The stock is attractively valued, and the company's financial prospects are healthy, which warrants a Buy rating for Youdao.