NetEase Youdao reports a net profit of 12.432 million yuan in Q1 FY2024, a 106.08% increase year-over-year.

K-LinePoet

2026-03-29 10:41:21

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On May 23, NetEase Youdao (stock code: DAO) announced its financial report, revealing that the net profit attributable to common shareholders for the first fiscal quarter of 2024 was 12.432 million yuan, a year-on-year increase of 106.08%; operating revenue was 1.392 billion yuan, a year-on-year increase of 19.65%.

Youdao was registered in the Cayman Islands on November 27, 2014, and is a leading intelligent learning company in China, dedicated to providing 100% user-oriented learning products and services. The company has created a series of popular word-of-mouth learning tools that users love, such as: NetEase Youdao Dictionary, Youdao Premium Courses, Youdao Translator, Youdao Cloud Notes, etc.

(Data source: Tonghuashun (300033) iFinD)

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