Youdao, Inc. (DAO) Thursday announced a turnaround to profit on 19.7 percent increase in first-quarter revenues compared to the prior year.
The quarterly earnings were RMB 12.4 million or $1.7 million from loss of RMB 204.4 million a year ago. On an adjusted basis, earning were RMB 20.3 million or $2.8 million.
On a per share basis, earnings were RMB 0.10 or $0.01 compared to RMB 1.67 last year. Chinese intelligent learning company's net revenues for the quarter were RMB 1.4 billion or $192.8 million compared to RMB 1.2 billion last year.
The smart devices contributed revenue of RMB 181.2 million or $25.1 million up 14.8 percent from the previous year. Online marketing services' revenue surged 125.9 percent to RMB492.7 million or $68.2 million, up from RMB 218.1 million in the same quarter last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.