Youdao reports Q4 EPS 8c, consensus 4c

Reports Q4 revenue $208.53M, consensus $201.08M. “Our financial performance was solid in the fourth quarter, producing all-time high income from operations and operating cash inflow. In terms of business operations, since the introduction of AI writing refinement, we have efficiently and effectively provided over 25,000 tailored recommendations. The integration of AI technology has further empowered our online marketing services, expanding the application of RTA (Real-Time API) technology and broadening our customer base, resulting in record high net revenues of this segment and over 50% year-over-year growth for five consecutive quarters. Additionally, the launch of the Mr. P AI Tutor, powered by our proprietary large language model Ziyue, has been well received by our users. In 2023, Youdao’s fundamentals strengthened, with key financial indicators improving on a year-over-year basis,” said Feng Zhou, CEO and director of Youdao.