Brief: Youdao Reports Q1 Net Loss Per ADS Of $0.21

Youdao

20/05/2020 24:09

May 19 (Reuters) - Youdao Inc  DAO.N :
    * YOUDAO REPORTS FIRST QUARTER 2020 UNAUDITED FINANCIAL
RESULTS
    * Q1 REVENUE ROSE 139.8 PERCENT TO RMB 541.4 MILLION
    * NET LOSS IN Q1 OF 2020 WAS RMB169.4 MILLION (US$23.9
MILLION),
COMPARED WITH RMB102.0 MILLION FOR SAME PERIOD OF LAST YEAR
    * Q1 GROSS BILLINGS OF ONLINE COURSES INCREASED 286.8%
YEAR-OVER-YEAR TO RMB518.6 MILLION (US$73.2 MILLION)
    * Q1 GROSS BILLINGS OF YOUDAO PREMIUM COURSES INCREASED
311.9%
YEAR-OVER-YEAR TO RMB446.2 MILLION (US$63.0 MILLION)
    * Q1 DILUTED NET LOSS PER ADS 

Source text for Eikon:  ID:nPn55W9b7a 
Further company coverage:  DAO.N 

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