Record Operating Income
Operating income reached a Q1 record of RMB 104.0 million, surging 247.7% year-over-year.
AI Product Developments
Launched Confucius-o1, an open-source reasoning model, and Youdao MagicBox, an AI-powered ad creative suite.
Growth in AI-Driven Subscription Services
AI-driven subscription services generated nearly RMB 70 million in Q1 sales, growing over 40% year-over-year.
Smart Devices Revenue Growth
Smart Devices segment delivered RMB 190.5 million in Q1 revenues, representing a 5.1% year-over-year growth.
Strong Market Reception for Youdao SpaceOne
Initial inventory of Youdao SpaceOne sold out within 10 days, contributing to over 20% year-over-year growth in dictionary pen revenue.
Net Income Surge
Net income attributable to ordinary shareholders was RMB 76.7 million, an increase of over 6x from the same period of last year.