网易有道Youdao, Inc.（DAO）2024年第一季度财报（英文版）（9页）.pdf

1、 For investor and media inquiries,please contact:In China:Jeffrey Wang Youdao,Inc.Tel:+86-10-8255-8163 ext.89980 E-mail:IR Piacente Financial Communications Helen Wu Tel:+86-10-6508-0677 E-mail: In the United States:Piacente Financial Communications Brandi Piacente Tel:+1-212-481-2050 E-mail: Youdao

2、 Reports First Quarter 2024 Unaudited Financial Results Hangzhou,China May 23,2024 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 first quarter ended March 31,2024.First

3、Quarter 2024 Financial Highlights Total net revenues were RMB1.4 billion(US$192.8 million),representing a 19.7%increase from the same period in 2023.o Net revenues from learning services were RMB718.0 million(US$99.4 million),representing a 2.0%decrease from the same period in 2023.o Net revenues fr

4、om smart devices were RMB181.2 million(US$25.1 million),representing a 14.8%decrease from the same period in 2023.o Net revenues from online marketing services were RMB492.7 million(US$68.2 million),representing a 125.9%increase from the same period in 2023.Gross margin was 49.0%,compared with 51.7%

5、for the same period in 2023.“We achieved first-ever profitable first quarter and first-ever consecutive two-quarters of profitability.In the first quarter,Youdao Lingshi was upgraded with a tiered teaching approach tailored to individual needs and capabilities.The strong momentum of Real-Time API an

6、d the rapid growth of domestic KOLs(Key Opinion Leaders)advertising drove our online market services to a record high net revenue of RMB492.7 million with a year-over-year growth of 125.9%.In addition,we leveraged our AI technology to drive a year-over-year growth of over 140%in total sales1 of the