Youdao Inc
NYSE:DAO

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Youdao Inc
NYSE:DAO
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Price: 7.2 USD 0.14% Market Closed
Market Cap: 860.5m USD
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Income Statement

Earnings Waterfall
Youdao Inc

Revenue
5.6B CNY
Cost of Revenue
-2.8B CNY
Gross Profit
2.8B CNY
Operating Expenses
-3.1B CNY
Operating Income
-240.6m CNY
Other Expenses
-92.6m CNY
Net Income
-333.2m CNY

Income Statement
Youdao Inc

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Income Statement
Currency: CNY
Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024
Revenue
Revenue
732
N/A
823
+12%
953
+16%
1 125
+18%
1 207
+7%
1 523
+26%
1 824
+20%
2 374
+30%
2 527
+6%
2 933
+16%
3 290
+12%
3 781
+15%
4 016
+6%
4 268
+6%
4 245
-1%
4 260
+0%
5 013
+18%
4 976
-1%
5 226
+5%
5 363
+3%
5 389
+0%
5 618
+4%
Gross Profit
Cost of Revenue
(515)
(591)
(685)
(808)
(872)
(1 005)
(1 130)
(1 358)
(1 419)
(1 565)
(1 703)
(1 820)
(2 027)
(2 134)
(2 201)
(2 241)
(2 427)
(2 430)
(2 523)
(2 559)
(2 622)
(2 771)
Gross Profit
217
N/A
232
+7%
268
+16%
317
+18%
335
+6%
518
+55%
693
+34%
1 016
+47%
1 107
+9%
1 368
+24%
1 587
+16%
1 961
+24%
1 989
+1%
2 134
+7%
2 044
-4%
2 018
-1%
2 586
+28%
2 547
-2%
2 704
+6%
2 803
+4%
2 767
-1%
2 847
+3%
Operating Income
Operating Expenses
(436)
(478)
(566)
(764)
(795)
(1 075)
(1 450)
(2 432)
(1 959)
(2 258)
(2 448)
(2 058)
(2 875)
(2 988)
(3 098)
(3 162)
(3 361)
(3 392)
(3 383)
(3 321)
(3 234)
(3 088)
Selling, General & Administrative
(252)
(281)
(351)
(527)
(525)
(775)
(1 116)
(2 051)
(1 587)
(1 842)
(1 978)
(1 515)
(2 268)
(2 249)
(2 296)
(2 341)
(2 557)
(2 608)
(2 603)
(2 567)
(2 490)
(2 380)
Research & Development
(184)
(197)
(215)
(237)
(270)
(299)
(334)
(380)
(372)
(416)
(470)
(543)
(607)
(683)
(745)
(765)
(804)
(784)
(780)
(755)
(743)
(707)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
(57)
(57)
(57)
0
0
0
0
0
0
Operating Income
(219)
N/A
(246)
-12%
(298)
-21%
(447)
-50%
(460)
-3%
(557)
-21%
(757)
-36%
(1 416)
-87%
(852)
+40%
(890)
-4%
(862)
+3%
(97)
+89%
(887)
-815%
(854)
+4%
(1 054)
-23%
(1 144)
-9%
(775)
+32%
(845)
-9%
(679)
+20%
(518)
+24%
(466)
+10%
(241)
+48%
Pre-Tax Income
Interest Income Expense
16
(22)
(23)
(22)
(14)
(12)
(6)
(3)
(20)
(10)
(11)
(12)
11
(15)
(20)
(27)
(26)
(40)
(48)
(56)
(57)
(67)
Non-Reccuring Items
0
0
0
0
0
0
0
0
52
0
0
0
(72)
0
0
0
(12)
0
0
0
(44)
0
Total Other Income
6
38
35
17
16
35
46
55
24
53
51
34
28
72
51
90
86
52
56
(5)
29
(15)
Pre-Tax Income
(198)
N/A
(230)
-16%
(286)
-25%
(452)
-58%
(458)
-1%
(534)
-17%
(717)
-34%
(1 365)
-90%
(796)
+42%
(847)
-6%
(822)
+3%
(75)
+91%
(919)
-1 131%
(797)
+13%
(1 024)
-29%
(1 081)
-6%
(726)
+33%
(833)
-15%
(672)
+19%
(579)
+14%
(539)
+7%
(323)
+40%
Net Income
Tax Provision
(11)
(9)
(8)
(6)
(2)
(4)
(3)
(2)
(3)
(2)
(5)
(8)
(7)
(6)
(3)
1
(14)
(17)
(21)
(25)
(11)
(7)
Income from Continuing Operations
(209)
(238)
(294)
(458)
(460)
(538)
(720)
(1 367)
(799)
(850)
(827)
(83)
(926)
(802)
(1 027)
(1 080)
(740)
(850)
(692)
(603)
(550)
(329)
Income to Minority Interest
0
(0)
(1)
(2)
0
(0)
1
1
1
1
2
6
31
31
37
34
19
20
17
9
0
(4)
Net Income (Common)
(239)
N/A
(279)
-17%
(337)
-21%
(502)
-49%
(637)
-27%
(705)
-11%
(875)
-24%
(1 511)
-73%
(1 753)
-16%
(1 909)
-9%
(2 176)
-14%
(1 427)
+34%
(996)
+30%
(771)
+23%
(701)
+9%
(756)
-8%
(727)
+4%
(830)
-14%
(675)
+19%
(594)
+12%
(550)
+7%
(333)
+39%
EPS (Diluted)
-2.14
N/A
-2.5
-17%
-3.01
-20%
-5.45
-81%
-6.68
-23%
-6.3
+6%
-7.79
-24%
-13.31
-71%
-15.52
-17%
-16.13
-4%
-17.79
-10%
-11.62
+35%
-8.18
+30%
-6.25
+24%
-5.66
+9%
-6.1
-8%
-5.88
+4%
-6.78
-15%
-5.51
+19%
-4.89
+11%
-4.53
+7%
-2.8
+38%

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