Youdao (DAO) has released an update.
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Youdao, a leading intelligent learning company in China, reported a 2.2% increase in total net revenues for the third quarter of 2024, reaching RMB1.6 billion. The company saw significant growth in online marketing services, with revenues surging by 45.6%, driven by advancements in AI technology. Despite a decrease in learning services revenue, Youdao achieved record-high income from operations, showcasing its strategic focus on enhancing profitability and user experience.
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