Youdao

Youdao to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 29

Retrieved on: 
Wednesday, February 7, 2024
Youdao

HANGZHOU, China, Feb. 7, 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 fourth quarter and fiscal year 2023 financial results on Thursday, February 29, 2024, before the open of the U.S. markets.

Key Points: 
  • HANGZHOU, China, Feb. 7, 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 fourth quarter and fiscal year 2023 financial results on Thursday, February 29, 2024, before the open of the U.S. markets.
  • The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, February 29, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, February 29, 2024).
  • Youdao's management will be on the call to discuss the quarterly results and answer questions.
  • Dial-in details for the earnings conference call are as follows:

MoonFox Data's Insights on NetEase Q3 Financial Report: Game-driven Multi-segment Growth

Retrieved on: 
Wednesday, November 29, 2023
Online, Empowerment, Dictionary, Mugen, IAPP, UGC, Mission Zero, NetEase, Data collection, Home, Youdao, WeChat, RPG, Condor Trilogy, Data source, Habit, Publishing, Video game, AI

According to MoonFox iApp data, the ratio of users who utilized the NetEase Youdao Dictionary for over 10 minutes per session exceeded 15.3% in October 2023.

Key Points: 
  • According to MoonFox iApp data, the ratio of users who utilized the NetEase Youdao Dictionary for over 10 minutes per session exceeded 15.3% in October 2023.
  • In addition, the monthly product usage time in the same period reached 56.164 million hours, far exceeding the industry average.
  • Currently, the dictionary functions are more like a language learning community than a simple lookup and translation software.
  • The moderately and highly time-intensive games reserved by NetEase are expected to have a centralized launche in the first half of 2024.

Youdao, Inc. to Hold Annual General Meeting on December 14, 2023

Retrieved on: 
Friday, November 17, 2023
Eastern Standard, NYSE, Date, Bank statement, AGM, Building, ADS, Youdao, Annual report, American depositary receipt, Republic, Security (finance)

No proposal will be submitted for shareholder approval at the AGM.

Key Points: 
  • No proposal will be submitted for shareholder approval at the AGM.
  • Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's American Depositary Shares ("ADSs") to discuss Company affairs with management.
  • Shareholders and ADS holders may access the Company's annual report on the Company's investor relations website at http://ir.youdao.com as well as the SEC's website at http://www.sec.gov .
  • The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

NetEase Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023
Cloud, Interest, HKEX, Research, Policy, Justice, Investment, Share repurchase, Fantasy Westward Journey, Music, PIN, NetEase, ADS, Marketing, RMB, GAAP, Internet, Queen's Road East, Shop, Growth, IOS, Pleasure, Video game, Bank, Sales, Clothing, Youdao, NetEase Cloud Music

HANGZHOU, China, Nov. 16, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • HANGZHOU, China, Nov. 16, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Gross profit for the third quarter of 2023 was RMB16,966.3 million (US$2,325.4 million), compared with RMB14,375.4 million and RMB13,743.9 million for the preceding quarter and the third quarter of 2022, respectively.
  • The effective tax rate for the third quarter of 2023 was 14.2%, compared with 8.0% and 19.3% for the preceding quarter and the third quarter of 2022, respectively.
  • NetEase paid a dividend of US$0.1050 per share (US$0.5250 per ADS) for the second quarter of 2023 in September 2023.

Youdao Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023
Research, NYSE, Investment, Share repurchase, Public expenditure, ADS, Marketing, Internet, Communication, AI, Government, Rare-earth element, Video game, Arms industry, Pharmaceutical industry, Bank, Cryptocurrency, Youdao

HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.

Key Points: 
  • HANGZHOU, China, Nov. 16, 2023 /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 third quarter ended September 30, 2023.
  • Gross margin increased to 55.9% for the third quarter of 2023 from 54.2% for the same period of 2022.
  • The decrease was primarily due to the research and development payroll-related cost savings in the third quarter of 2023.
  • For the third quarter of 2023, net cash used in continuing operating activities was RMB294.7 million (US$40.4 million), capital expenditures totaled RMB4.7 million (US$0.6 million).

Youdao to Report Third Quarter 2023 Financial Results on November 16

Retrieved on: 
Thursday, October 26, 2023
Youdao, NYSE, Clothing, Internet service provider

HANGZHOU, China, Oct. 26, 2023 /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 2023 financial results on Thursday, November 16, 2023, before the open of the U.S. markets.

Key Points: 
  • HANGZHOU, China, Oct. 26, 2023 /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 2023 financial results on Thursday, November 16, 2023, before the open of the U.S. markets.
  • The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, November 16, 2023 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, November 16, 2023).
  • Youdao's management will be on the call to discuss the quarterly results and answer questions.
  • Dial-in details for the earnings conference call are as follows:

NetEase Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023
Cloud, Queen's Road East, Justice, Hopewell Center, Face, Marketing, Share repurchase, Internet, ADS, Policy, Life Is Feudal: MMO, GAAP, Research, RMB, IOS, Fantasy Westward Journey, Interest, Badlands National Park, The New York Times Company, HKEX, PIN, Investment, NetEase, Magic, Identity V, Shop, Video game, Film industry, Holding company, NetEase Cloud Music, Youdao

HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Gross profit for the second quarter of 2023 was RMB14,375.4 million (US$1,982.5 million), compared with RMB14,896.5 million and RMB12,941.5 million for the preceding quarter and the second quarter of 2022, respectively.
  • Gross profit margin for Youdao for the second quarter of 2023 was 47.0%, compared with 51.7% and 42.8% for the preceding quarter and the second quarter of 2022, respectively.
  • The effective tax rate for the second quarter of 2023 was 8.0%, compared with 19.5% and 22.0% for the preceding quarter and the second quarter of 2022, respectively.

Youdao Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023
Learning, Advertising, Share repurchase, Marketing, Internet, ADS, Public expenditure, US, Investment, AI, Research, NYSE, Economics, Video game, Online shopping, Bank, Cryptocurrency, Youdao

HANGZHOU, China, Aug. 24, 2023 /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, 2023.

Key Points: 
  • HANGZHOU, China, Aug. 24, 2023 /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, 2023.
  • "Driven by AI technology, we upgraded our products and services in the second quarter, providing users with an enhanced experience and thereby improving our financial metrics.
  • Net revenues from smart devices were RMB222.2 million (US$30.6 million) for the second quarter of 2023, representing a 7.4% decrease from RMB239.9 million for the same period of 2022, primarily due to the decreased demands for intelligent learning products in the second quarter of 2023.
  • Gross margin increased to 47.0% for the second quarter of 2023 from 42.8% for the same period of 2022.

Youdao Holds 2023 Intelligent Learning Product Launch Event on August 9

Retrieved on: 
Wednesday, August 9, 2023
NMT, Central processing unit, Mentorship, Optical character recognition, OCR, Neural machine translation, Echo, NYSE, Music, Mobile phone, S6, Youdao

BEIJING, Aug. 9, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, has held its 2023 Intelligent Learning Product Launch Event today. The latest Youdao Dictionary Pen X6 pro and S6, and Youdao Listening Pod pro were unveiled during the event, expanding its existing portfolio of intelligent learning devices.

Key Points: 
  • Showcases New Products including Youdao Dictionary Pen X6 pro and S6, and Youdao Listening Pod pro
    BEIJING, Aug. 9, 2023 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, has held its 2023 Intelligent Learning Product Launch Event today.
  • The latest Youdao Dictionary Pen X6 pro and S6, and Youdao Listening Pod pro were unveiled during the event, expanding its existing portfolio of intelligent learning devices.
  • Dr. Feng Zhou, Chief Executive Officer and Director of Youdao, said, "At Youdao, we are dedicated to creating an innovative learning experience for users in different age groups.
  • We will continuously expand our portfolio by launching products with more diverse functions and designs, supported by cutting-edge AI technologies."

Intento's State of Machine Translation 2023 Report Evaluates 37 MT Engines and 5 LLMs

Retrieved on: 
Tuesday, June 20, 2023
Workforce, LLM, Colloquialism, Youdao, ChatGPT, Linguistics, Microsoft, OpenAI, Language, CAP 2 Intentos, SAN, Generative, Machine translation, Entertainment, Baidu, Ali Baba, Data science, Cryptocurrency, Amazon, NVIDIA

SAN FRANCISCO, June 20, 2023 /PRNewswire/ -- Intento, the Enterprise Machine Translation Hub, and e2f, a language intelligence pioneer, teamed up to study the Machine Translation and Generative AI market and present the State of Machine Translation 2023 report (the seventh consecutive year for Intento).

Key Points: 
  • SAN FRANCISCO, June 20, 2023 /PRNewswire/ -- Intento, the Enterprise Machine Translation Hub, and e2f, a language intelligence pioneer, teamed up to study the Machine Translation and Generative AI market and present the State of Machine Translation 2023 report (the seventh consecutive year for Intento).
  • This edition analyzes the performance of 37 MT Engines across 22 language pairs and 9 content domains, providing the latest overview of the rapidly evolving MT landscape.
  • Drawing from Intento's expertise, businesses can use this shift to enhance language capabilities, improve global communication, and stay competitive.
  • "We launched our inaugural MT report in 2017, at a time when there were only eleven stock models available.