2023-05-25 04:50:59 ET
- Youdao press release ( NYSE: DAO ): Q1 Non-GAAP earnings per ADS of -$0.57.
- Revenue of $169.4M.
- Gross margin was 51.7%, compared with 53.5% for the same period in 2022.
- Net loss from continuing operations attributable to Youdao's ordinary shareholders for the first quarter of 2023 was RMB204.4 million (US$29.8 million), compared with RMB95.4 million for the same period of last year.
- Non-GAAP net loss from continuing operations attributable to Youdao's ordinary shareholders for the first quarter of 2023 was RMB193.9 million (US$28.2 million), compared with RMB70.9 million for the same period of last year.
For further details see:
Youdao reports Q1 results