DAO - Youdao Non-GAAP EPADS of -$0.32 revenue of $166.4M misses by $14.21M
2023-08-24 04:35:31 ET
- Youdao press release ( NYSE: DAO ): Q2 Non-GAAP EPADS of -$0.32.
- Revenue of $166.4M (+26.2% Y/Y) misses by $14.21M .
- Gross margin was 47.0%, compared with 42.8% for the same period in 2022.
- "Looking ahead, the demand from users for better learning products and services will continue to evolve. We will continue to leverage our strengths in content, user understanding, and technological capabilities to continuously create high-quality products. We will focus on helping users enhance their learning efficiency and effectiveness, further empowering personalized instruction," said Dr. Feng Zhou, Chief Executive Officer and Director of Youdao.
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Youdao Non-GAAP EPADS of -$0.32, revenue of $166.4M misses by $14.21M