NetEase Youdao reports a net profit of 12.432 million yuan in Q1 FY2024, an increase of 106.08% year-over-year.

K-LinePoet · 2026-03-16T09:12:19+00:00

NetEase Youdao announced its financial report for the first quarter of fiscal year 2024, with a net profit of 12.432 million yuan, a year-on-year increase of 106.08%, and operating revenue of 1.392 billion yuan, a year-on-year increase of 19.65%. The company was founded in 2014 and is China's leading intelligent learning company.

K-LinePoet

2026-03-16 09:12:19

Abstract generation in progress

On May 23, NetEase Youdao (Stock Code: DAO) announced its financial report, showing that the company’s net profit attributable to common shareholders for the first quarter of fiscal year 2024 was 12.432 million yuan, a year-on-year increase of 106.08%; operating revenue was 1.392 billion yuan, a year-on-year increase of 19.65%.

Youdao was incorporated in the Cayman Islands on November 27, 2014. It is a leading intelligent learning company in China, dedicated to providing 100% user-oriented learning products and services. The company has developed a series of popular and well-received learning tools, such as NetEase Youdao Dictionary, Youdao Premium Courses, Youdao Translator, and Youdao Cloud Notes.

(Source: Tonghuashun (300033) iFinD)

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