Youdao, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 17, 2022 at 03:30 am
Share
Youdao, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CNY 1,402.43 million compared to CNY 1,039.08 million a year ago. Net loss was CNY 183.92 million compared to CNY 128.9 million a year ago. Basic loss per share from continuing operations was CNY 1.49 compared to CNY 1.84 a year ago. Diluted loss per share from continuing operations was CNY 1.49 compared to CNY 1.84 a year ago. Basic loss per share was CNY 1.49 compared to CNY 1.05 a year ago. Diluted loss per share was CNY 1.49 compared to CNY 1.05 a year ago.
For the nine months, revenue was CNY 3,559.2 million compared to CNY 2,967 million a year ago. Net loss was CNY 739.33 million compared to CNY 979.04 million a year ago. Basic loss per share from continuing operations was CNY 5.93 compared to CNY 5.61 a year ago. Diluted loss per share from continuing operations was CNY 5.93 compared to CNY 5.61 a year ago. Basic loss per share was CNY 5.98 compared to CNY 8.08 a year ago. Diluted loss per share was CNY 5.98 compared to CNY 8.08 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. 
