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    LindaMacquarie Group Limited

    Linda's questions to Youdao Inc (DAO) leadership

    Linda's questions to Youdao Inc (DAO) leadership • Q2 2025

    Question

    Linda from Macquarie asked for more details on the growth drivers for gaming and overseas advertising, and also inquired about the company's share buyback plans.

    Answer

    CEO Dr. Feng Zhou stated that gaming ad revenue grew over 50% YoY, while overseas growth was driven by partnerships with TikTok and Google. Senior VP Peng Su added that he expects accelerated ad growth in H2. Regarding the buyback, he noted the current program is nearly complete and a new plan will be considered, balancing technology investments with shareholder returns.

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