Youdao Reports First Quarter 2024 Unaudited Financial Results

HANGZHOU, China, May 23, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsTotal net revenues were RMB1.4 billion (US $192.8 million), representing a 19.7% increase from the same period in 2023.- Net revenues from learning services were RMB718.0 million (US$ 99.4 million), representi ...