Youdao (ADR) (DAO)
Sells AI-enabled learning services, smart devices, and online marketing services in China.
$14.42
vs last close−0.33 (−2.20%)
In millions of USD, except per-share figures · converted from CNY at the latest rate
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 221 | 207 | 197 | 234 | 200 | 193 | 211 | 243 | 233 | 201 | 218 |
| Cost of revenue | 101 | 111 | 106 | 102 | 117 | 104 | 102 | 120 | 140 | 128 | 111 | 111 |
| Gross profit | 128 | 110 | 102 | 95 | 118 | 95 | 92 | 91 | 103 | 105 | 90 | 107 |
| 137 | 99 | 97 | 106 | 102 | 81 | 76 | 87 | 98 | 95 | 81 | 90 | |
| Research & development | 28 | 25 | 22 | 23 | 18 | 18 | 17 | 19 | 19 | 21 | 17 | 21 |
| 109 | 74 | 75 | 83 | 84 | 65 | 59 | 67 | 79 | 75 | 64 | 69 | |
| Selling & marketing | 100 | 66 | 68 | 77 | 77 | 57 | 53 | 60 | 73 | 65 | 57 | 0 |
| General & administrative | 8 | 8 | 7 | 6 | 6 | 8 | 6 | 8 | 7 | 10 | 7 | 0 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | −2 | 0 | 0 | 0 | −1 | 0 | 0 |
| Operating income | −9 | 11 | 4 | −11 | 16 | 14 | 16 | 4 | 4 | 10 | 9 | 17 |
| −5 | −3 | −2 | −3 | −2 | −4 | −2 | −7 | −3 | −5 | −1 | −3 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 3 | 3 | 3 | 3 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other non-operating income | 3 | 0 | −1 | 0 | 0 | 1 | 0 | 4 | 1 | 2 | −1 | 2 |
| Income before tax | −14 | 8 | 2 | −14 | 14 | 10 | 13 | −2 | 1 | 5 | 7 | 13 |
| Income tax expense | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 2 |
| Net income from continuing operations | −14 | 8 | 2 | −15 | 13 | 11 | 12 | −3 | 1 | 5 | 7 | 12 |
| Net income | −15 | 8 | 2 | −15 | 13 | 12 | 11 | −3 | 0 | 7 | 6 | 11 |
| EPS, basic | −$0.13 | $0.07 | $0.02 | −$0.13 | $0.11 | $0.10 | $0.10 | −$0.02 | $0.00 | $0.06 | $0.05 | $0.09 |
| EPS, diluted | −$0.13 | $0.07 | $0.01 | −$0.13 | $0.11 | $0.10 | $0.10 | −$0.02 | $0.00 | $0.06 | $0.05 | $0.09 |
| Weighted average shares, basic | 121 | 120 | 118 | 117 | 118 | 119 | 118 | 118 | 118 | 119 | 119 | 119 |
| Weighted average shares, diluted | 121 | 120 | 119 | 117 | 118 | 119 | 120 | 118 | 120 | 120 | 120 | 121 |
| EBITDA | −11 | 11 | 5 | −11 | 16 | 13 | 15 | 0 | 3 | 8 | 9 | 15 |
| EBIT | −11 | 11 | 5 | −11 | 16 | 13 | 15 | 0 | 3 | 8 | 9 | 15 |