Youdao

DAO

Market cap $1.32B

I'm maintaining a Buy rating on Youdao after evaluating its 2Q25 results beat and the management commentary on cash distributions. DAO achieved its maiden Q2 positive earnings, and has now posted four consecutive profitable quarters signaling favorable momentum. The company has committed to completing its existing buyback program that expires in November '25, and also mentioned the possibility of initiating a new one.

Youdao, Inc. (NYSE:DAO ) Q2 2025 Earnings Call August 14, 2025 6:00 AM ET Company Participants Feng Zhou - CEO & Director Jeffrey Wang - Investor Relations Director Lei Jin - President Peng Su - Vice President of Strategies & Capital Markets Yongwei Li - VP of Finance & Senior Financial Controller Conference Call Participants Bo Zhan - Huatai Securities Co., Ltd., Research Division Jing Qiang - Unidentified Company Linda Huang - Macquarie Research Thomas Chong - Jefferies LLC, Research Division Yi Jing Wei - Citigroup Inc., Research Division Operator Good day, and welcome to the Youdao 2025 Second Quarter Earnings Conference Call.

HANGZHOU, China , Aug. 14, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter  202 5  Financial Highlights Net revenues were RMB27.9 billion (US$3.9 billion), an increase of 9.4% compared with the same quarter of 2024.

HANGZHOU, China , Aug. 14, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced the appointment of Mr. Kok Chung Johnny Chan to its board of directors as an independent director, effective as of August 14, 2025.

HANGZHOU, China , Aug. 14, 2025 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an AI-powered solutions provider specializing in artificial intelligence applications for the learning and advertising verticals, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights Total net revenues were RMB1.4 billion (US$197.9 million), representing a 7.2% increase from the same period in 2024.

HANGZHOU, China , July 31, 2025 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an AI-powered solutions provider specializing in artificial intelligence applications for the learning and advertising verticals, today announced that it will report its second quarter 2025 financial results on Thursday, August 14, 2025, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 6:00 a.m.

HANGZHOU, China , July 31, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the 2025 second quarter on Thursday, August 14, 2025, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 8:00 a.m.

China's weak macro environment and declining education spending pressure Youdao's core learning services, reinforcing a bearish view on the sector. AI initiatives are promising but face stiff competition from free alternatives, limiting Youdao's near-term monetization and growth potential. The Company trades at a premium to domestic peers, despite revenue declines, with a 29% downside to fair value based on forward revenue multiples.

Youdao, Inc. (NYSE:DAO ) Q1 2025 Results Conference Call May 15, 2025 6:00 AM ET Company Participants Jeffrey Wang - Investor Relations, Director Feng Zhou - Chief Executive Officer Peng Su - Vice President, Strategy & Capital Markets Lei Jin - President Wayne Li - Vice President, Finance Conference Call Participants Brian Gong - Citi Liping Zhao - CICC Thomas Chong - Jefferies Bo Zhang - Huatai Securities Operator Good day, and welcome to Youdao's First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

HANGZHOU, China , May 15, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter  202 5  Financial Highlights Net revenues were RMB28.8 billion (US$4.0 billion), an increase of 7.4% compared with the same quarter of 2024.