NetEase Youdao’s second-quarter financial report exceeded expectations, and its stock price rose more than 20% on Tuesday |


Sina Technology News, in the early morning of September 1, Beijing time, U.S. stocks closed on Tuesday,NetEaseYoudao (NYSE: DAO) stock price rose 20.71% to 12.65 US dollars, the current market value of 1.594 billion US dollars.

  NetEase YoudaoThe financial report for the second quarter of 2021 as of June 30 was released before the market, with total net revenue of 1.3 billion yuan (US$200.3 million), an increase of 107.5% over the same period in 2020. The net loss attributable to ordinary shareholders of NetEase Youdao was 524.4 million yuan ($81.2 million), compared with a net loss of 257.8 million yuan in the same period last year. Based on non-US GAAP, the net loss attributable to common shareholders of NetEase Youdao was 505 million yuan ($77.5 million), compared with a net loss of 250.5 million yuan in the same period last year.

The parent company NetEase adopted a plan to purchase the issued ADS shares of NetEase Youdao, with a purchase amount of up to 50 million U.S. dollars.


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