Youdao, Inc. reported unaudited financial results for the second quarter ended June 30, 2026, with total net revenues of RMB1.5 billion, a 3.5% increase from the same period in 2025. Net revenues from learning services rose 20.9% to RMB795.6 million, while smart devices fell 31.5% to RMB86.8 million and online marketing services declined 7.7% to RMB584.4 million. Gross margin improved to 48.9% from 43.0% a year earlier, and income from operations surged nearly 2.9 times to RMB111.5 million. Net income attributable to ordinary shareholders was RMB73.8 million, compared with a net loss of RMB17.8 million in the prior-year period, and non-GAAP net income surged over sevenfold to RMB90.6 million. The company also announced that William Lei Ding resigned as a director effective August 18, 2026, and Jinhai Chen was appointed to the board.
NetEase IncNetEase's subsidiary Youdao reported strong Q2 results with revenue growth and profitability improvement.
Youdao Inc