Youdao, Inc. (DAO) Thursday reported a narrower net loss for the third quarter on improved revenue, compared to the previous year.
The quarter loss from continuous operations for the intelligent learning company was RMB 102.91 million or $14.10 million compared to RMB 183.92 million a year ago. Net loss per ADS was RMB 0.85, compared to loss of RMB 1.49 per share last year.
Revenue for the quarter increased to RMB 1.538 billion or $210.91 million from RMB 1.402 billion a year ago.
Feng Zhou, CEO of Youdao said, "Our previously implemented proprietary large language model Ziyue is receiving positive feedback from our users and its generative capabilities will continue to improve. Moving forward, we will maintain ongoing communication with our users to better meet their demands. In addition, we will also accelerate the deployment of our AI products and applications, continuously enhancing the user experience."
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.