Youdao, Inc. (DAO) reported third quarter net income attributable to ordinary shareholders of RMB 86.3 million, compared with a net loss of RMB 102.9 million, last year. Net income per ADS was RMB 0.74, compared with a net loss per ADS of RMB 0.85.
Non-GAAP net income attributable to ordinary shareholders was RMB 88.7 million, compared with a non-GAAP net loss attributable to ordinary shareholders of RMB 67.3 million, last year. Non-GAAP net income per ADS was RMB 0.76, compared with a non-GAAP net loss per ADS of RMB 0.55.
Net revenues for the third quarter were RMB 1.6 billion, a 2.2% increase from prior year.
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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.