DAO Youdao
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Youdao News
Netease youdao (DAO.US) closed up more than 15%, with record high profits in the third quarter.
On Tuesday, U.S. stocks closed, with the education technology company Netease Youdao rising by 15.28%, closing at $6.11.
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Youdao (DAO.US) third quarter financial report: net income of 1.57 billion, single quarter profit reaching a historical high.
Netease Youdao's net revenue in the third quarter reached 1.57 billion yuan, a year-on-year increase of 2.2%. Among them, operating profit reached 0.11 billion yuan, which is also the first time in history to achieve profitability in the third quarter, and the single-quarter profit amount hit a historical high.
Youdao Turns To Profit In Q3 - Quick Facts
Youdao Q3 24 Earnings Conference Call At 5:00 AM ET
Youdao Non-GAAP EPADS of $0.11, Revenue of $224.09M In-line
NetEase's third-quarter revenue of 26.2 billion yuan adjusted net profit of 7.5 billion yuan
On the afternoon of November 14, NetEase (Nasdaq: NTES; HKEX: 9999) today released its report for the third quarter of 2024 ending September 30: net revenue was 26.2 billion yuan, down 3.9% year on year. Net profit attributable to NetEase shareholders was 6.5 billion yuan, compared to 6.8 billion yuan and 7.8 billion yuan for the previous quarter and the same period last year, respectively. Net profit attributable to NetEase shareholders was 7.5 billion yuan, compared to 7.8 billion yuan and 8.6 billion yuan for the previous quarter and the same period of the previous year, respectively, in accordance with US GAAP. Third quarter results: Net revenue Net revenue of 26.2 billion yuan (approximately 3.7 billion yuan)
Earnings Scheduled For November 14, 2024
Express News | Youdao Inc - Basic and Diluted Net Income per Ads Attributable to Ordinary Shareholders for Q3 of 2024 Were RMB0.74 (US$0.11)
Express News | Youdao Q3 Capex RMB 1.5 Million
Express News | Youdao Q3 Gross Profit RMB 789.5 Million
Express News | Youdao Q3 Revenue RMB 1,600 Million
Youdao, Inc. to Hold Annual General Meeting on December 12, 2024
Press Release: Youdao Reports Third Quarter 2024 Unaudited Financial Results
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