Brief: Youdao Reports Q3 Non-GAAP Net Loss Per ADS At RMB0.82

Youdao

16/11/2021 08:40

Nov 16 (Reuters) - Youdao Inc  DAO.N :
    * YOUDAO REPORTS THIRD QUARTER 2021 UNAUDITED FINANCIAL
RESULTS
    * Q3 REVENUE ROSE 54.8 PERCENT TO RMB 1.4 BILLION
    * Q3 BASIC AND DILUTED NET LOSS PER ADS ATTRIBUTABLE TO
ORDINARY
SHAREHOLDERS WAS RMB1.05
    * QTRLY NON-GAAP BASIC AND DILUTED NET LOSS PER ADS
ATTRIBUTABLE
TO ORDINARY SHAREHOLDERS WAS RMB0.82 (US$0.13)
    * YOUDAO CURRENTLY EXPECTS THE DISPOSITION OF ITS ACADEMIC
AST
BUSINESS TO BE COMPLETED BY END OF 2021
    * THERE CAN BE NO ASSURANCE REGARDING ULTIMATE TIMING OF
PROPOSED
TRANSACTION OR THAT TRANSACTION WILL BE COMPLETED
    * IN Q3 OF 2021, REVENUES FROM YOUDAO'S ACADEMIC AST
BUSINESS
ACCOUNTED FOR APPROXIMATELY 25% OF ITS TOTAL REVENUES

Source text for Eikon:  ID:nPn5s5Cqta 
Further company coverage:  DAO.N 

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