Brief: Youdao Reports Q2 Net Loss Per ADS Of $0.33

Youdao

13/08/2020 09:51

Aug 13 (Reuters) - Youdao Inc  DAO.N :
    * YOUDAO REPORTS SECOND QUARTER 2020 UNAUDITED FINANCIAL
RESULTS
    * Q2 REVENUE RMB 623.3 MILLION VERSUS REFINITIV IBES
ESTIMATE OF
RMB 628.8 MILLION
    * BASIC AND DILUTED NET LOSS PER ADS ATTRIBUTABLE TO
ORDINARY
SHAREHOLDERS FOR Q2 OF 2020 WAS RMB2.30(US$0.33)
    * QTRLY GROSS BILLINGS OF ONLINE COURSES INCREASED 223.2%
YEAR-OVER-YEAR TO RMB542.0 MILLION (US$76.7 MILLION)
    * QTRLY NON-GAAP BASIC AND DILUTED NET LOSS PER ADS
ATTRIBUTABLE
TO ORDINARY SHAREHOLDERS WAS RMB2.23(US$0.32)
    * QTRLY GROSS BILLINGS OF YOUDAO PREMIUM COURSES INCREASED
214.5%
YEAR-OVER-YEAR TO RMB457.2 MILLION (US$64.7 MILLION)

Source text for Eikon:  ID:nPn9ghrzda 
Further company coverage:  DAO.N 

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