Research analysts who have asked questions during Youdao earnings calls.
TC
Thomas Chong
Jefferies Financial Group Inc.
4 questions for DAO
Also covers: ATHM, BABA, BEKE +22 more
Brian Gong
Citigroup Inc.
3 questions for DAO
Also covers: ATHM, KC, TCOM +1 more
LZ
Liping Zhao
China International Capital Corporation (CICC)
3 questions for DAO
Also covers: API, HERE, TAL +1 more
BZ
Bo Zhang
Huatai Securities
2 questions for DAO
BA
Bose An
Huatai Securities
1 question for DAO
JY
Jing Yuan
China International Capital Corporation
1 question for DAO
Also covers: TAL
Linda
Macquarie Group Limited
1 question for DAO
VW
Vicky Wei
Citigroup
1 question for DAO
Also covers: EM, ZH
Recent press releases and 8-K filings for DAO.
Youdao Reports Q3 2025 Financial Results
DAO
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Youdao reported net revenue of RMB 1.6 billion (approx. US$200 million) and an operating profit of RMB 28.3 million (approx. US$3.93 million) for Q3 2025, marking its fifth consecutive quarter of profitability.
- Advertising revenue grew by 51.1% year-over-year to RMB 0.74 billion (approx. US$101 million) in Q3 2025, becoming the company's largest source of income for the first time.
- The company's overseas business revenue grew by over 100% year-over-year in Q3 2025, supported by its AI-powered Youdao Ads platform.
- Youdao's CEO anticipates sustained improvement in operating profit and achieving annual operating cash-flow breakeven for the first time.
Nov 21, 2025, 9:00 AM
Youdao, Inc. Announces Third Quarter 2025 Financial Results
DAO
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Youdao, Inc. reported total net revenues of RMB1,628.5 million (US$228.8 million) for the third quarter of 2025, representing a 3.6% increase from the same period in 2024.
- The company's gross margin was 42.2%, down from 50.2% in Q3 2024, and income from operations decreased by 73.7% to RMB28.3 million (US$4.0 million).
- Net revenues from online marketing services increased by 51.1% to RMB739.7 million (US$103.9 million), while learning services decreased by 16.2% and smart devices decreased by 22.1% year-over-year.
- Basic and diluted net income per American depositary share (ADS) attributable to ordinary shareholders was near zero for Q3 2025, compared with RMB0.74 for the same period of 2024.
- The board approved an extension of its share repurchase program to November 17, 2026, and as of September 30, 2025, US$33.8 million worth of ADSs had been repurchased under the program. NetEase Group also agreed to provide financial support for ongoing operations.
Nov 20, 2025, 11:05 AM
Youdao Reports Q3 2025 Results with Revenue Growth and Strategic AI Investments
DAO
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Youdao reported net revenues of RMB 1.6 billion for Q3 2025, representing a 3.6% increase year-over-year.
- Operating profit declined 73.7% year-over-year to RMB 28.3 million in Q3 2025, primarily due to increased investments in strategic businesses and a high comparison base. However, for the first nine months of 2025, operating profit reached RMB 161.1 million, a 149.2% year-over-year increase, marking five consecutive quarters of operating profit.
- The online marketing services segment's net revenues grew 51.1% year-over-year to RMB 739.7 million, driven by increased demand from the NetEase Group and overseas markets, while the learning services segment's net revenues decreased by 16.2%.
- The company remains confident in achieving its full-year operating cash flow break-even target for 2025, despite a Q3 operating cash outflow of RMB 58.6 million. Youdao continues to execute its AI-native strategy, integrating its Confucius large language model and launching new AI-powered products.
Nov 20, 2025, 10:00 AM
Youdao reports Q3 2025 results
DAO
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Youdao reported net revenues of 1,628,524 RMB'000 in Q3 2025, representing 3.6% year-over-year growth.
- The company achieved Income from Operations of 28,266 RMB'000 in Q3 2025, marking its fifth consecutive profitable quarter.
- Online Marketing Services recorded record-high net revenues in Q3 2025.
- Gross billings for Youdao Lingshi and total sales for AI-driven Subscription both achieved over 40% year-over-year growth in Q3 2025.
- Operating cash outflow narrowed by 31.4% year-over-year in Q3 2025 to -58.6 RMB'000.
Nov 20, 2025, 10:00 AM
Youdao Announces Q3 2025 Financial Results
DAO
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Youdao reported net revenues of RMB 1.6 billion (or $228.8 million) for Q3 2025, representing a 3.6% increase year-over-year.
- Operating profit for Q3 2025 was RMB 28.3 million, a 73.7% decline year-over-year, primarily due to increased investments in Youdao Ling Shi and online marketing services, and a high comparison base. However, the company achieved operating profits for five consecutive quarters, and operating profit for the first nine months of 2025 reached RMB 161.1 million, a 149.2% year-over-year increase.
- The online marketing services segment achieved record net revenues of RMB 739.7 million, up 51.1% year-over-year, driven by increased demand from the NetEase Group and overseas markets. Net revenues from the learning services segment decreased 16.2% year-over-year to RMB 643.1 million, reflecting a disciplined and strategic approach to customer acquisition.
- The company remains confident in achieving its full-year targets, including robust year-over-year operating profit growth and reaching annual operational cash flow break-even for the first time, supported by expected strong Q4 cash flow performance.
Nov 20, 2025, 10:00 AM
Youdao Reports Q3 2025 Financial Results with Revenue Growth and Strategic Investments
DAO
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Youdao reported net revenues of RMB 1.6 billion in Q3 2025, a 3.6% increase year-over-year, primarily driven by strong growth in online marketing services.
- Operating profit for Q3 2025 was RMB 28.3 million, a 73.7% decline year-over-year, attributed to increased investments in Youdao Ling Shi and online marketing services, and a high comparison base from the previous year. However, operating profit for the first nine months reached RMB 161.1 million, up 149.2% year-over-year, marking five consecutive quarters of operating profits.
- The online marketing services segment achieved record net revenues of RMB 739.7 million, growing 51.1% year-over-year, while the learning services segment's net revenues decreased by 16.2% to RMB 643.1 million.
- Youdao Ling Shi demonstrated strong performance with over 40% year-over-year growth in gross billings and a retention rate exceeding 75%. Sales of AI-driven subscription services also reached a new record of approximately RMB 100 million, representing over 40% year-over-year growth.
- The company remains confident in achieving its full-year targets of robust year-over-year operating profit growth and annual operational cash flow break-even for the first time, despite a Q3 operating cash outflow of RMB 58.6 million.
Nov 20, 2025, 10:00 AM
Youdao Reports Third Quarter 2025 Financial Results
DAO
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Youdao, Inc. reported total net revenues of RMB1,628.5 million (US$228.8 million) for the third quarter ended September 30, 2025, marking a 3.6% increase from the same period in 2024.
- This revenue growth was primarily driven by a 51.1% increase in net revenues from online marketing services to RMB739.7 million (US$103.9 million), while net revenues from learning services and smart devices decreased by 16.2% and 22.1% respectively.
- The company's gross margin decreased to 42.2% in Q3 2025 from 50.2% in Q3 2024, and income from operations fell by 73.7% to RMB28.3 million (US$4.0 million).
- Basic and diluted net income per American depositary share (ADS) attributable to ordinary shareholders was near zero for the third quarter of 2025, compared with RMB0.74 for the same period in 2024.
- The board approved an extension of its share repurchase program to November 17, 2026, with approximately US$33.8 million in ADSs repurchased as of September 30, 2025, out of an authorized US$40.0 million.
Nov 20, 2025, 8:30 AM
Quarterly earnings call transcripts for Youdao.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more