Core Insights - Youdao, Inc. reported a 3.6% increase in net revenues for Q3 2025, totaling RMB1,628.5 million (US$228.8 million) compared to RMB1,572.5 million in Q3 2024 [5][8] - The company emphasized its AI-Native Strategy, which has led to significant growth in online marketing services and AI-driven subscription services [3][4] Financial Performance - Net revenues from online marketing services surged by 51.1% year-over-year to RMB739.7 million (US$103.9 million), driven by demand from the NetEase group and international markets [9][8] - Learning services revenues decreased by 16.2% to RMB643.1 million (US$90.3 million), attributed to a strategic focus on higher ROI customer engagements [6][8] - Revenues from smart devices fell by 22.1% to RMB245.8 million (US$34.5 million), primarily due to reduced demand for smart learning devices [7][8] Profitability Metrics - Gross profit for Q3 2025 was RMB687.9 million (US$96.6 million), reflecting a 12.9% decrease from RMB789.5 million in Q3 2024, with a gross margin of 42.2% compared to 50.2% in the previous year [10][8] - Income from operations dropped significantly by 73.7% to RMB28.3 million (US$4.0 million), resulting in an operating margin of 1.7% [16][8] - Net income attributable to ordinary shareholders was nearly zero, down from RMB86.3 million in Q3 2024, with non-GAAP net income at RMB9.2 million (US$1.3 million) [17][18] Operating Expenses - Total operating expenses decreased to RMB659.6 million (US$92.7 million) from RMB682.2 million in the same period last year [13][8] - Sales and marketing expenses fell by 6.1% to RMB487.7 million (US$68.5 million), while research and development expenses increased by 6.9% to RMB127.8 million (US$18.0 million) [14][13] Cash Flow and Financial Position - As of September 30, 2025, Youdao's cash and short-term investments totaled RMB557.7 million (US$78.3 million), down from RMB662.6 million at the end of 2024 [19][8] - The company reported net cash used in operating activities of RMB58.6 million (US$8.2 million) for the quarter [19][8] Future Outlook - Youdao plans to continue executing its AI-Native Strategy, focusing on the application of its large language model, Confucius, to enhance customer value [4][3] - The company remains confident in achieving its full-year targets, including operating cash-flow breakeven for the first time [4][3]

Core Points - Youdao, Inc. will hold its annual general meeting of shareholders on December 16, 2025, from 3:00 p.m. to 5:00 p.m. Beijing Time, at its offices in Beijing [1] - No proposals will be submitted for shareholder approval at the AGM; it will serve as an open forum for discussion between shareholders and management [1] - The record date for determining shareholders entitled to attend the AGM is set for December 1, 2025 [2] - Holders of Class A and Class B ordinary shares, as well as beneficial owners of American Depositary Shares (ADSs), are entitled to attend the AGM [3] - Shareholders can access the annual report on the company's investor relations website and request a hard copy of the audited consolidated financial statements [4] - Youdao, Inc. specializes in AI-powered solutions for learning and advertising, offering services such as learning services, online marketing, and smart devices [5]

Core Viewpoint - Youdao, Inc. will report its third quarter 2025 financial results on November 20, 2025, before the U.S. market opens [1]. Group 1: Financial Reporting - The earnings teleconference call will occur at 5:00 a.m. Eastern Time on November 20, 2025, with management discussing quarterly results and answering questions [2]. - Dial-in details for the earnings conference call include toll-free numbers for the United States, Mainland China, and Hong Kong, along with an international number [2]. - A live and archived webcast of the conference call will be available on the Company's investor relations website [2]. Group 2: Company Overview - Youdao, Inc. is an AI-powered solutions provider specializing in artificial intelligence applications for learning and advertising [4]. - The company primarily offers learning services, online marketing services, and smart devices, all powered by advanced technologies [4]. - Youdao was founded in 2006 as part of NetEase, Inc., a leading internet technology company in China [4].

Core Viewpoint - Gaotu Techedu Inc. is set to report its financial results for the first quarter of 2025 on May 15, 2025, before U.S. markets open, indicating the company's ongoing commitment to transparency and investor communication [1]. Group 1: Company Overview - Gaotu Techedu Inc. is a technology-driven education company and online large-class tutoring service provider in China, focusing on delivering educational content and digitalized learning products [3]. - The company utilizes an online live large-class format to provide courses, which is believed to be an effective and scalable model for distributing high-quality teaching resources to students in China [3]. - Big data analytics is integrated into all aspects of Gaotu's business, enhancing teaching delivery, student learning experiences, and operational efficiency [3]. Group 2: Earnings Conference Call - Gaotu's management will conduct an earnings conference call on May 15, 2025, at 8:00 AM U.S. Eastern Time, allowing investors to gain insights into the company's performance [2]. - Dial-in details for the conference call are provided for international, U.S., Hong Kong, and Mainland China participants, ensuring accessibility for a global audience [2]. - A telephone replay of the conference call will be available for a week following the event, along with a live and archived webcast on the company's investor relations website [2].