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Youdao (DAO)
NYSE:DAO
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.47Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 57.76%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive overall sentiment, with significant highlights such as improved profitability, strong growth in AI-driven services, and robust performance in smart devices and online marketing. Despite challenges in the learning services segment and a decline in gross profit, the company demonstrated resilience and strategic focus, particularly in AI integration and international expansion.Company Guidance
During the Youdao Q3 2024 earnings call, management provided guidance reflecting strong financial performance and strategic focus. The company reported net revenues of RMB 1.57 billion, marking a 2.2% increase year-over-year, and achieved a quarterly record with RMB 107.3 million in income from operations, compared to a loss of RMB 57.7 million the previous year. This quarter marks their first profitable third quarter, and they are on track for full-year operational profitability. Learning services faced a 19.2% revenue decline to RMB 767.9 million, attributed to a strategic shift towards high-demand services. Meanwhile, AI-driven subscription services surged, nearing RMB 70 million, with a growth of over 150% year-over-year. Online marketing services revenues increased by 45.6% to RMB 489.4 million, with a notable rise in gross margin to 36.3%. The Smart Devices segment also excelled, with revenues rising 25.2% to RMB 315.3 million and recording the highest gross margin since 2023 at 42.8%. Looking forward, Youdao aims to continue integrating generative AI across its services, enhancing user experience and scaling high-quality learning solutions, with a focus on achieving operational profitability and expanding both domestically and internationally.Record Net Revenue and Profitability
Net revenues for the third quarter reached RMB 1.57 billion, marking a 2.2% increase year-over-year. Income from operations reached RMB 107.3 million, compared with a loss of RMB 57.7 million in the same period last year, setting a new quarterly record for income from operations.
AI-Driven Subscription Services Growth
Sales of AI-driven subscription services in the Learning Services segment grew rapidly, approaching RMB 70 million in Q3, representing over 150% year-over-year growth.
Strong Performance in Smart Devices
Net revenues from smart devices reached RMB 315.3 million in Q3, up 25.2% year-over-year, marking the highest revenue since 2023. The new X7 and X7 Pro dictionary pens drove over 50% year-over-year net income growth for this segment.
Online Marketing Services Expansion
Net revenues from online marketing services were RMB 489.4 million in Q3, representing an increase of 45.6% year-over-year. Gross margin increased to 36.3%, up 4.4 percentage points year-over-year.
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DAO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $4.83 | $4.95 | +2.48% |
| Aug 22, 2024 | $3.68 | $3.35 | -8.97% |
| May 23, 2024 | $3.63 | $3.55 | -2.20% |
| Feb 29, 2024 | $4.60 | $4.36 | -5.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Youdao (DAO) report earnings?
Youdao (DAO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Youdao (DAO) earnings time?
Youdao (DAO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAO EPS forecast?
DAO EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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