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Youdao reports higher revenue of RMB1.5 billion
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Youdao reports higher revenue of RMB1.5 billion

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  • Youdao (NYSE:DAO) reported Q2 2026 net revenues of RMB1.5 billion, up 3.5% year-over-year.
  • Net income attributable to shareholders reached RMB73.8 million compared with a prior-year loss.
  • Gross profit increased 17.6% to RMB716.9 million, while the company continued its US$40 million share repurchase programme.

Youdao (NYSE:DAO) reported second quarter 2026 net revenues of RMB1.5 billion, up 3.5% year-over-year, while net income attributable to shareholders reached RMB73.8 million compared with a loss in the prior-year period.

The results reflected higher learning services revenue, which increased 20.9% to RMB795.6 million, while smart devices and online marketing services revenue declined during the quarter.

Youdao reported gross profit of RMB716.9 million, up 17.6% year-over-year, with gross margin increasing to 48.9% from 43.0%, while income from operations reached RMB111.5 million compared with lower operating income a year earlier.

The company reported non-GAAP net income of RMB90.6 million, more than seven times its 2025 level, while operating cash flow reached RMB334.2 million and cash, restricted cash and short-term investments totaled RMB849.3 million as of June 30, 2026.

Youdao continued receiving financial support from NetEase Group through RMB878.0 million in short-term loans and US$118.9 million in long-term loans, while the company extended its US$40 million share repurchase programme and appointed Jinhai Chen as a director following William Lei Ding’s resignation.

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