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Youdao ( (DAO) ) has shared an update.
Youdao reported its financial results for the fourth quarter and fiscal year 2024, highlighting a 4.4% increase in total net revenues for the year despite a 9.5% revenue decrease in the fourth quarter compared to 2023. The company achieved its first full-year profitability in 2024, driven by strategic shifts towards high ROI engagements and strengthened collaboration with NetEase in online marketing services. Operating income improved by 10.3% in the fourth quarter, and the company introduced an ‘AI Native’ strategy to further integrate AI across its business lines, aiming for long-term growth and customer satisfaction.
More about Youdao
Youdao, Inc. is an intelligent learning company based in Hangzhou, China, known for its leading technology in the education sector. The company focuses on AI-driven learning services, smart devices, and online marketing services, aiming to enhance customer loyalty and satisfaction.
YTD Price Performance: 46.28%
Average Trading Volume: 170,916
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.33B
Learn more about DAO stock on TipRanks’ Stock Analysis page.
