Citigroup downgraded Youdao from Buy to Neutral and set a new price target of $9.30 from $38.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2023 | $7.00 → $4.59 | Buy → Neutral | Daiwa Securities |
| 3/20/2023 | $4.00 → $9.50 | Neutral → Outperform | Daiwa Securities |
| 2/24/2023 | $4.59 → $10.00 | Hold → Buy | Jefferies |
| 3/7/2022 | $13.00 → $15.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/25/2022 | $15.00 → $15.50 | Neutral → Buy | Citigroup |
| 9/3/2021 | $10.00 → $13.50 | Underperform → Neutral | Daiwa Securities |
| 8/30/2021 | $11.40 | Overweight → Equal-Weight | Morgan Stanley |
| 7/27/2021 | $38.00 → $9.30 | Buy → Neutral | Citigroup |
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", )), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.9 billion (US$3.0 billion), a decrease of 4.2% compared with the same quarter of 2023.Youdao net revenues were RMB1.6 billion (US$224.1 million), an increase of 2.2% compared with the same quarter of 2023.NetEase Cloud Music net re
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenues were RMB1.6 billion (US$224.1 million), representing a 2.2% increase from the same period in 2023.- Net revenues from learning services were RMB767.9 million (US$109.4 million), representing a 19.2% decrease from the same period in 2023.- Net revenues from smart devices were RMB315.3 million (US$44.9 million), representing a 25.2% increase from the same period in 202
HANGZHOU, China, Oct. 31, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its third quarter 2024 financial results on Thursday, November 14, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, November 14, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, November 14, 2024). Youdao's management will be on the call to discuss the quarterly results and answer questions. Dial-in details for the earnings conference call are as follows: United States (toll
6-K - Youdao, Inc. (0001781753) (Filer)
6-K - Youdao, Inc. (0001781753) (Filer)
6-K - Youdao, Inc. (0001781753) (Filer)
SC 13G/A - Youdao, Inc. (0001781753) (Subject)
SC 13G/A - Youdao, Inc. (0001781753) (Subject)
SC 13G/A - Youdao, Inc. (0001781753) (Subject)
Daiwa Securities downgraded Youdao from Buy to Neutral and set a new price target of $4.60 from $7.00 previously
Daiwa Securities upgraded Youdao from Neutral to Outperform and set a new price target of $9.50 from $4.00 previously
Jefferies upgraded Youdao from Hold to Buy and set a new price target of $10.00 from $4.60 previously
NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79. Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in revenue contribution from different platforms and revenues from NetEase's self-developed games. Youdao, Inc.'s (NYSE:DAO) revenue climbed by 19.7% year over year to $192.8 million, but the co
Youdao (NYSE:DAO) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.12) by 116.67 percent. This is a 108.7 percent increase over losses of $(0.23) per share from the same period last year. The company reported quarterly sales of $192.80 million which beat the analyst consensus estimate of $186.62 million by 3.31 percent. This is a 13.82 percent increase over sales of $169.38 million the same period last year.
NetEase, Inc (NASDAQ:NTES) reported fourth-quarter fiscal 2023 revenue growth of 7.0% year-on-year to $3.82 billion, missing the consensus of $3.94 billion. The Chinese gaming player’s adjusted EPADS of $1.60 missed the consensus of $1.71. The stock price slid after the results. Segments and margins: Games and related value-added services revenues grew 9.6% Y/Y to $2.9 billion. The corresponding gross margin increased by 1,040 bps to 69.5%, attributable to a higher proportion of net revenues from NetEase’s self-developed games. Also Read: Tencent And NetEase Surge After Chinese Regulator Pulls Draft Gaming Rules From Website Youdao, Inc (NYSE:DAO) revenue climbed by 1.8% Y/Y to $
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ:NTES, ", NetEase", or the ", Company", )), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenues were RMB26.2 billion (US$3.7 billion), a decrease of 3.9% compared with the same quarter of 2023.Games and related value-added services net revenues were RMB20.9 billion (US$3.0 billion), a decrease of 4.2% compared with the same quarter of 2023.Youdao net revenues were RMB1.6 billion (US$224.1 million), an increase of 2.2% compared with the same quarter of 2023.NetEase Cloud Music net re
HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total net revenues were RMB1.6 billion (US$224.1 million), representing a 2.2% increase from the same period in 2023.- Net revenues from learning services were RMB767.9 million (US$109.4 million), representing a 19.2% decrease from the same period in 2023.- Net revenues from smart devices were RMB315.3 million (US$44.9 million), representing a 25.2% increase from the same period in 202
BEIJING, Nov. 14, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO), an intelligent learning company with industry-leading technology in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at its offices at Building No.7, West Zone, Zhongguancun Software Park (Phase II), No.10 Xibeiwang East Road, Haidian District, Beijing, People's Republic of China on December 12, 2024 at 3:00 p.m. – 5:00 p.m. (Beijing Time). No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's American Depositary Shares ("ADSs") to discuss Com