NetEase Market Snapshot and Business Overview
YOUDAO
USD million¹
Note:
1
Youdao
Net Revenues and Gross Margin
54.2%
192
3Q22
47.0%
165
2Q23
Gross Margin Net Revenues
55.9%
211
3Q23
Youdao achieved record-high revenue, driven by
growth in its learning services and online.
marketing services, and substantially reduced its
loss from operations as an ongoing effort.
➤ The growth in our learning services was due
to our consistent ability to launch unique and
high-quality courses.
➤ Online marketing services for Youdao have
maintained a robust growth trajectory,
achieving record-high revenue in the third.
quarter.
Continued to drive technological innovation and
expanded the user base of our digital human
language coach, "Hi Echo", by launching an
independent app, attracting over 100,000 user
registrations within a month.
US$1.00 = RMB7.2960 on September 29, 2023. Same exchange rate is applied to all years for illustrative purposes
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