有道(DAO.US)涨逾2% 2025年首次实现全年经营性现金净流入

Core Viewpoint - NetEase Youdao (DAO.US) reported a solid financial performance for the fiscal year 2025, achieving significant growth in revenue and operating profit, indicating improved financial health and operational efficiency [1] Financial Performance Summary - For the fiscal year 2025, Youdao's total net revenue reached 5.91 billion yuan, representing a year-on-year increase of 5.0% [1] - The operating profit for the year was 220 million yuan, showing a substantial year-on-year growth of 48.7% [1] - The company achieved its first annual operating cash inflow of 55.2 million yuan, highlighting enhanced financial health and self-sustainability [1] Quarterly Performance Summary - In Q4 2025, Youdao continued its profitable trend with net revenue of 1.56 billion yuan, marking a year-on-year increase of 16.8% [1] - The operating profit for the fourth quarter was 60.2 million yuan, driven by strategic investments in high-growth areas such as Youdao Lingxi and advertising services [1] - The operating cash inflow for the quarter reached 180 million yuan, reflecting a year-on-year growth of 16.4% [1] Management Commentary - The CEO of NetEase Youdao, Zhou Feng, emphasized the company's achievement of annual operating cash inflow for the first time and noted steady growth in learning services, online marketing services, and AI subscription services, showcasing the increasing resilience of the company's business [1]