Youdao (DAO) has released an update.
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Youdao, Inc., a leading intelligent learning company in China, reported a 19.7% increase in net revenues for the first quarter of 2024, despite decreases in learning services and smart devices sales. The company achieved its first profitable first quarter and marked a significant year-over-year growth in online marketing services, fueled by advancements in AI technology. With a strategic focus on digital content, online marketing, and AI-driven services, CEO Dr. Feng Zhou expresses confidence in reaching full-year profitability soon.
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