HANGZHOU, China, Aug. 18, 2022 /PRNewswire/ — Youdao, Inc. (“Youdao” or the “Firm”) (NYSE: DAO), a number one technology-focused clever studying firm in China, immediately introduced its unaudited monetary outcomes for the second quarter ended June 30, 2022.
Second Quarter 2022 Monetary Highlights[1]
- Whole internet revenues had been RMB956.2 million (US$142.Eight million), representing a 2.4% lower from the identical interval in 2021.
– Web revenues from studying companies had been RMB563.6 million (US$84.1 million), representing a 7.3% lower from the identical interval in 2021.
– Web revenues from good units had been RMB239.9 million (US$35.Eight million), representing a 16.3% enhance from the identical interval in 2021.
– Web revenues from on-line advertising companies had been RMB152.Eight million (US$22.Eight million), representing an 8.0% lower from the identical interval in 2021. - Gross margin was 42.8%, in comparison with 51.0% for a similar interval in 2021.
“Regardless of the short-term challenges by the pandemic, our enterprise demonstrated resilience. On one hand, working money influx reached RMB104 million in Q2, primarily as a result of sturdy gross sales efficiency of our new companies and good units. Alternatively, we narrowed our internet loss to RMB461 million in Q2, a 12.3% enchancment year-over-year,” mentioned Dr. Feng Zhou, Chief Government Officer and a Director of Youdao.
“We just lately launched a collection of latest merchandise, comparable to Youdao Dictionary Pen X5 and Youdao Sensible Studying Pad, in addition to new merchandise in STEAM programs and vocational training programs. We now have accomplished the transformation of our enterprise and merchandise in response to regulatory modifications final 12 months and entered a brand new stage of natural development. Trying forward, we’ll follow upgrading services with the help of know-how and innovation, navigate the short-term macro challenges, construct up and strengthen the long-term franchise. We’re heading in the right direction and assured within the second half of this 12 months boosted by the brand new services,” Dr. Zhou concluded.
|
[1] As beforehand disclosed, in compliance with relevant regulatory necessities, the Firm had ceased to supply the after-school tutoring companies on educational topics in China’s obligatory training system (the “Tutorial AST Enterprise”) on the finish of December 2021. The Tutorial AST Enterprise met the standards of discontinued operations. Retrospective changes to the historic assertion of operations have additionally been made to offer a constant foundation of comparability for the monetary outcomes of the persevering with operations. The monetary data and non-GAAP monetary data included on this press launch is offered on a unbroken operations foundation, except in any other case particularly acknowledged. |
Second Quarter of 2022 Monetary Outcomes
Web Revenues
Web revenues for the second quarter of 2022 had been RMB956.2 million (US$142.Eight million), representing a 2.4% lower from RMB979.9 million for a similar interval of 2021.
Web revenues from studying companies had been RMB563.6 million (US$84.1 million) for the second quarter of 2022, representing a 7.3% lower from RMB607.7 million for a similar interval of 2021. The lower was primarily attributable to the decline in revenues from grownup programs ensuing from the lower in demand as a result of resurgence of COVID-19.
Web revenues from good units had been RMB239.9 million (US$35.Eight million) for the second quarter of 2022, representing a 16.3% enhance from RMB206.Three million for a similar interval of 2021, primarily pushed by the recognition of the newly launched merchandise since final 12 months.
Web revenues from on-line advertising companies had been RMB152.Eight million (US$22.Eight million) for the second quarter of 2022, representing an 8.0% lower from RMB166.Zero million for a similar interval of 2021. The lower was primarily attributable to the curtailed promoting budgets of partial promoting prospects.
Gross Revenue and Gross Margin
Gross revenue for the second quarter of 2022 was RMB409.7 million (US$61.2 million), representing an 18.1% lower from RMB500.2 million for a similar interval of 2021. Gross margin decreased to 42.8% for the second quarter of 2022 from 51.0% for a similar interval of 2021.
Gross margin for studying companies decreased to 52.2% for the second quarter of 2022 from 58.8% for a similar interval of 2021. The lower was primarily resulted from the decline in financial scales as a result of decreased studying revenues within the second quarter of 2022.
Gross margin for good units decreased to 30.6% for the second quarter of 2022 from 43.0% for a similar interval of 2021. The lower was as a consequence of a bigger proportion of gross sales contributed from offline distributors, which have a decrease gross margin.
Gross margin for on-line advertising companies was 27.7% for the second quarter of 2022, in contrast with 32.7% for a similar interval of 2021. The lower was primarily attributable to the elevated portion in performance-based ads by way of third events’ web properties, which usually have a decrease gross margin profile.
Working Bills
Whole working bills for the second quarter of 2022 had been RMB864.9 million (US$129.1 million), in contrast with RMB755.1 million for a similar interval of final 12 months.
Gross sales and advertising bills for the second quarter of 2022 had been RMB596.Zero million (US$89.Zero million), representing a rise of seven.4% from RMB555.1 million for a similar interval of 2021. This enhance was as a result of development in compensation bills of the expanded gross sales and advertising workforce for studying companies and good units.
Analysis and improvement bills for the second quarter of 2022 had been RMB208.Four million (US$31.1 million), representing a rise of 42.9% from RMB145.Eight million for a similar interval of 2021. The rise was primarily as a consequence of larger payroll-related bills related to a bigger variety of improvement and know-how professionals in good units and training digitalization options.
Common and administrative bills for the second quarter of 2022 had been RMB60.5 million (US$9.Zero million), representing a rise of 11.6% from RMB54.2 million for a similar interval of 2021. The rise was primarily attributable to the elevated provision for the credit score losses allowance on the receivables, which was RMB6.9 million within the second quarter of 2022, in comparison with RMB3.Four million for a similar interval of 2021.
Loss from Operations
Loss from operations for the second quarter of 2022 was RMB455.2 million (US$68.Zero million), in contrast with RMB254.9 million for a similar interval in 2021. The margin of loss from operations was 47.6%, in contrast with 26.0% for a similar interval of final 12 months.
Web Loss from Persevering with Operations Attributable to Youdao’s Odd Shareholders
Web loss from persevering with operations attributable to Youdao’s extraordinary shareholders for the second quarter of 2022 was RMB453.9 million (US$67.Eight million), in contrast with RMB234.9 million for a similar interval of final 12 months. Non-GAAP internet loss from persevering with operations attributable to Youdao’s extraordinary shareholders for the second quarter of 2022 was RMB435.Eight million (US$65.1 million), in contrast with RMB215.Zero million for a similar interval of final 12 months.
Primary and diluted internet loss per American depositary shares (“ADSs”) of the Firm from persevering with operations attributable to extraordinary shareholders for the second quarter of 2022 was RMB3.67 (US$0.55), in contrast with RMB1.92 for a similar interval of 2021. Non-GAAP primary and diluted internet loss from persevering with operations per ADS attributable to extraordinary shareholders was RMB3.52 (US$0.53), in contrast with RMB1.76 for a similar interval of 2021.
Steadiness Sheet
As of June 30, 2022, Youdao’s money, money equivalents, restricted money, time deposits and short-term investments totaled RMB1.Three billion (US$188.1 million), in contrast with RMB1.6 billion as of December 31, 2021. For the second quarter of 2022, internet money offered by persevering with working actions was RMB104.2 million (US$15.6 million), capital expenditures totaled RMB46.7 million (US$7.Zero million), and depreciation and amortization bills amounted to RMB10.7 million (US$1.6 million). Youdao’s means to proceed as a going concern depends on administration’s means to implement an efficient marketing strategy in future intervals in gentle of the altering regulatory setting, generate working money flows and proceed to have the ability to receive outdoors sources of financing as mandatory for Youdao’s future improvement. As of the date of this launch, Youdao has obtained varied monetary help from the NetEase Group, together with, amongst others, RMB878.Zero million short-term loans and US$70.Zero million long-term loans with maturity dated March 31, 2024 drawn down underneath the US$300.Zero million revolving mortgage facility. In help of Youdao’s future enterprise, NetEase Group has agreed to offer monetary help for Youdao’s persevering with operations.
As of June 30, 2022, the Firm’s contract liabilities, which primarily consisted of deferred revenues generated from Youdao’s studying companies, had been RMB1.1 billion (US$168.1 million), in contrast with RMB1.1 billion as of December 31, 2021.
Convention Name
Youdao’s administration workforce will host a teleconference name with simultaneous webcast at 6:00 a.m. Jap Time on Thursday, August 18, 2022 (Beijing/Hong Kong Time: 6:00 p.m., Thursday, August 18, 2022). Youdao’s administration might be on the decision to debate the monetary outcomes and reply questions.
Dial-in particulars for the earnings convention name are as follows:
|
United States (toll free): |
+1-888-346-8982 |
|
Worldwide: |
+1-412-902-4272 |
|
Mainland China (toll free): |
400-120-1203 |
|
Hong Kong (toll free): |
800-905-945 |
|
Hong Kong: |
+852-3018-4992 |
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Convention ID: |
5366490 |
A reside and archived webcast of the convention name might be accessible on the Firm’s investor relations web site at http://ir.youdao.com.
A replay of the convention name might be accessible by telephone one hour after the conclusion of the reside name on the following numbers, till August 25, 2022:
|
United States: |
+1-877-344-7529 |
|
Worldwide: |
+1-412-317-0088 |
|
Replay Entry Code: |
5366490 |
About Youdao, Inc.
Youdao, Inc. (NYSE: DAO) is a number one technology-focused clever studying firm in China devoted to creating and utilizing applied sciences to offer studying content material, purposes and options to customers of all ages. Constructing on the recognition of its on-line data instruments comparable to Youdao Dictionary and Youdao Translation, Youdao now provides good units, STEAM programs, grownup and vocational programs, and training digitalization options. As well as, Youdao has developed quite a lot of interactive studying apps. Youdao was based in 2006 as a part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a number one web know-how firm in China.
For extra data, please go to: http://ir.youdao.com.
Non-GAAP Measures
Youdao considers and makes use of non-GAAP monetary measures, comparable to non-GAAP internet revenue/(loss) from persevering with operations attributable to the Firm’s extraordinary shareholders and non-GAAP primary and diluted revenue/(loss) from persevering with operations per ADS, as supplemental metrics in reviewing and assessing its working efficiency and formulating its marketing strategy. The presentation of non-GAAP monetary measures is just not supposed to be thought of in isolation or as an alternative to the monetary data ready and offered in accordance with accounting rules typically accepted in the US of America (“U.S. GAAP”).
Youdao defines non-GAAP internet revenue/(loss) from persevering with operations attributable to the Firm’s extraordinary shareholders as internet revenue/(loss) from persevering with operations attributable to the Firm’s extraordinary shareholders excluding share-based compensation bills and impairment of long-term funding. Non-GAAP internet revenue/(loss) from persevering with operations attributable to the Firm’s shareholders allows Youdao’s administration to evaluate its working outcomes with out contemplating the affect of these things, that are non-cash fees in nature. Youdao believes that these non-GAAP monetary measures present helpful data to traders in understanding and evaluating the Firm’s present working efficiency and prospects in the identical method as administration does, in the event that they so select.
Non-GAAP monetary measures usually are not outlined underneath U.S. GAAP and usually are not offered in accordance with U.S. GAAP. Non-GAAP monetary measures have limitations as analytical instruments, which probably don’t mirror all gadgets of expense that have an effect on our operations. As well as, the non-GAAP monetary measures Youdao makes use of could differ from the non-GAAP measures makes use of by different corporations, together with peer corporations, and due to this fact their comparability could also be restricted.
The presentation of those non-GAAP monetary measures is just not supposed to be thought of in isolation from or as an alternative to the monetary data ready and offered in accordance with GAAP. For extra data on these non-GAAP monetary measures, please see the desk captioned “Unaudited Reconciliation of GAAP and non-GAAP Outcomes” set forth on the finish of this launch.
The accompanying tables have extra particulars on the reconciliations between our GAAP monetary measures which might be most instantly corresponding to non-GAAP monetary measures. Youdao encourages you to evaluation its monetary data in its entirety and never depend on a single monetary measure.
Trade Price Data
This announcement comprises translations of sure RMB quantities into U.S. {dollars} (“US$”) at specified charges solely for the comfort of the reader. Until in any other case acknowledged, all translations from RMB to US$ had been made on the fee of RMB6.6981 to US$1.00, the alternate fee on June 30, 2022 set forth within the H.10 statistical launch of the Federal Reserve Board. The Firm makes no illustration that the RMB or US$ quantities referred may very well be transformed into US$ or RMB, because the case could also be, at any explicit fee or in any respect.
Protected Harbor Assertion
This press launch comprises forward-looking statements. These statements are made underneath the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Statements that aren’t historic info, together with statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties, and numerous components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. In some circumstances, forward-looking statements will be recognized by phrases or phrases comparable to “could,” “will,” “count on,” “anticipate,” “goal,” “goal,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are prone to” or different comparable expressions. The Firm might also make written or oral forward-looking statements in its stories filed with, or furnished to, the U.S. Securities and Trade Fee, in its annual stories to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic info, together with statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Additional data concerning such dangers, uncertainties or components is included within the Firm’s filings with the SEC. All data offered on this press launch is as of the date of this press launch, and the Firm doesn’t undertake any responsibility to replace such data, besides as required underneath relevant regulation.
For investor and media inquiries, please contact:
In China:
Jeffrey Wang
Youdao, Inc.
Tel: +86-10-8255-8163 ext. 89980
E-mail: [email protected]
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: [email protected]
In the US:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]
|
YOUDAO, INC. |
||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||
|
(RMB and USD in hundreds) |
||||||
|
As of December 31, |
As of June 30, |
As of June 30, |
||||
|
2021 |
2022 |
2022 |
||||
|
RMB |
RMB |
USD (1) |
||||
|
Property |
||||||
|
Present belongings: |
||||||
|
Money and money equivalents |
322,777 |
687,191 |
102,595 |
|||
|
Time deposits |
268 |
273 |
41 |
|||
|
Restricted money |
749,770 |
551,472 |
82,333 |
|||
|
Quick-term investments |
503,831 |
21,071 |
3,146 |
|||
|
Accounts receivable, internet |
248,339 |
335,911 |
50,150 |
|||
|
Inventories, internet |
255,411 |
212,351 |
31,703 |
|||
|
Quantities due from NetEase Group |
6,192 |
16,609 |
2,480 |
|||
|
Prepayment and different present belongings |
182,577 |
198,200 |
29,589 |
|||
|
Property held on the market |
497 |
– |
– |
|||
|
Whole present belongings |
2,269,662 |
2,023,078 |
302,037 |
|||
|
Non-current belongings: |
||||||
|
Property, gear and software program, internet |
80,315 |
108,928 |
16,263 |
|||
|
Working lease right-of-use belongings, internet |
118,104 |
88,453 |
13,206 |
|||
|
Lengthy-term investments |
32,518 |
70,542 |
10,532 |
|||
|
Goodwill |
109,944 |
109,944 |
16,414 |
|||
|
Different belongings, internet |
22,436 |
37,199 |
5,554 |
|||
|
Property held on the market |
1,088 |
– |
– |
|||
|
Whole non-current belongings |
364,405 |
415,066 |
61,969 |
|||
|
Whole belongings |
2,634,067 |
2,438,144 |
364,006 |
|||
|
Liabilities, Mezzanine Fairness and Shareholders’ Deficit |
||||||
|
Present liabilities: |
||||||
|
Accounts payables |
161,006 |
151,812 |
22,665 |
|||
|
Payroll payable |
277,383 |
228,248 |
34,077 |
|||
|
Quantities as a consequence of NetEase Group |
83,041 |
67,009 |
10,004 |
|||
|
Contract liabilities |
1,065,639 |
1,126,065 |
168,117 |
|||
|
Taxes payable |
53,323 |
28,959 |
4,323 |
|||
|
Accrued liabilities and different payables |
515,567 |
697,050 |
104,068 |
|||
|
Quick-term loans from NetEase Group |
878,000 |
878,000 |
131,082 |
|||
|
Whole present liabilities |
3,033,959 |
3,177,143 |
474,336 |
|||
|
Non-current liabilities: |
||||||
|
Lengthy-term lease liabilities |
73,070 |
48,536 |
7,246 |
|||
|
Lengthy-term loans from NetEase Group |
255,028 |
469,798 |
70,139 |
|||
|
Different non-current liabilities |
2,411 |
14,095 |
2,104 |
|||
|
Whole non-current liabilities |
330,509 |
532,429 |
79,489 |
|||
|
Whole liabilities |
3,364,468 |
3,709,572 |
553,825 |
|||
|
Mezzanine fairness |
78,592 |
73,475 |
10,970 |
|||
|
Shareholders’ deficit: |
||||||
|
Youdao’s shareholders’ deficit |
(807,067) |
(1,340,700) |
(200,162) |
|||
|
Noncontrolling pursuits |
(1,926) |
(4,203) |
(627) |
|||
|
Whole shareholders’ deficit |
(808,993) |
(1,344,903) |
(200,789) |
|||
|
Whole liabilities, mezzanine fairness and shareholders’ deficit |
2,634,067 |
2,438,144 |
364,006 |
|||
|
Be aware 1: The conversion of Renminbi (RMB) into United States {dollars} (USD) is predicated on the midday shopping for fee of USD1.00=RMB6.6981 on the final buying and selling day of June (June 30, 2022) as set forth within the H.10 statistical launch of the U.S. Federal Reserve Board.
|
||||||
|
YOUDAO, INC. |
||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
||||||||||||
|
(RMB and USD in hundreds, besides share and per ADS information) |
||||||||||||
|
Three Months Ended |
Six Months Ended |
|||||||||||
|
June 30, |
March 31, |
June 30, |
June 30, |
June 30, |
June 30, |
|||||||
|
2021 |
2022 |
2022 |
2022 |
2021 |
2022 |
|||||||
|
RMB |
RMB |
RMB |
USD (1) |
RMB |
RMB |
|||||||
|
Web revenues: |
||||||||||||
|
Studying companies |
607,680 |
826,011 |
563,601 |
84,143 |
1,214,640 |
1,389,612 |
||||||
|
Sensible units |
206,290 |
253,160 |
239,850 |
35,809 |
408,209 |
493,010 |
||||||
|
On-line advertising companies |
165,979 |
121,370 |
152,774 |
22,809 |
305,073 |
274,144 |
||||||
|
Whole internet revenues |
979,949 |
1,200,541 |
956,225 |
142,761 |
1,927,922 |
2,156,766 |
||||||
|
Price of revenues (2) |
(479,738) |
(558,719) |
(546,498) |
(81,590) |
(931,276) |
(1,105,217) |
||||||
|
Gross revenue |
500,211 |
641,822 |
409,727 |
61,171 |
996,646 |
1,051,549 |
||||||
|
Working bills: |
||||||||||||
|
Gross sales and advertising bills (2) |
(555,050) |
(506,385) |
(595,997) |
(88,980) |
(1,103,794) |
(1,102,382) |
||||||
|
Analysis and improvement bills (2) |
(145,803) |
(202,980) |
(208,411) |
(31,115) |
(273,501) |
(411,391) |
||||||
|
Common and administrative bills (2) |
(54,234) |
(57,561) |
(60,532) |
(9,038) |
(88,573) |
(118,093) |
||||||
|
Whole working bills |
(755,087) |
(766,926) |
(864,940) |
(129,133) |
(1,465,868) |
(1,631,866) |
||||||
|
Loss from operations |
(254,876) |
(125,104) |
(455,213) |
(67,962) |
(469,222) |
(580,317) |
||||||
|
Curiosity revenue |
6,735 |
2,034 |
3,769 |
563 |
9,809 |
5,803 |
||||||
|
Curiosity expense |
(7,764) |
(8,585) |
(10,102) |
(1,508) |
(15,381) |
(18,687) |
||||||
|
Others, internet |
23,366 |
36,053 |
1,567 |
234 |
23,720 |
37,620 |
||||||
|
Loss earlier than tax |
(232,539) |
(95,602) |
(459,979) |
(68,673) |
(451,074) |
(555,581) |
||||||
|
Revenue tax expense |
(2,999) |
(566) |
(553) |
(83) |
(4,614) |
(1,119) |
||||||
|
Web loss from persevering with operations |
(235,538) |
(96,168) |
(460,532) |
(68,756) |
(455,688) |
(556,700) |
||||||
|
Web loss from discontinued operations |
(289,496) |
(6,105) |
– |
– |
(396,004) |
(6,105) |
||||||
|
Web loss |
(525,034) |
(102,273) |
(460,532) |
(68,756) |
(851,692) |
(562,805) |
||||||
|
Web loss attributable to noncontrolling pursuits |
681 |
748 |
6,646 |
992 |
1,548 |
7,394 |
||||||
|
Web loss attributable to extraordinary shareholders of the Firm |
(524,353) |
(101,525) |
(453,886) |
(67,764) |
(850,144) |
(555,411) |
||||||
|
Together with: |
||||||||||||
|
Web loss from persevering with operations attributable to extraordinary shareholders of the |
(234,857) |
(95,420) |
(453,886) |
(67,764) |
(454,140) |
(549,306) |
||||||
|
Web loss from discontinued operations attributable to extraordinary shareholders of the |
(289,496) |
(6,105) |
– |
– |
(396,004) |
(6,105) |
||||||
|
Primary internet loss per ADS |
(4.29) |
(0.82) |
(3.67) |
(0.55) |
(7.07) |
(4.50) |
||||||
|
-Persevering with operations |
(1.92) |
(0.77) |
(3.67) |
(0.55) |
(3.77) |
(4.45) |
||||||
|
-Discontinued operations |
(2.37) |
(0.05) |
– |
– |
(3.30) |
(0.05) |
||||||
|
Diluted internet loss per ADS |
(4.29) |
(0.82) |
(3.67) |
(0.55) |
(7.07) |
(4.50) |
||||||
|
-Persevering with operations |
(1.92) |
(0.77) |
(3.67) |
(0.55) |
(3.77) |
(4.45) |
||||||
|
-Discontinued operations |
(2.37) |
(0.05) |
– |
– |
(3.30) |
(0.05) |
||||||
|
Shares utilized in computing primary internet loss per ADS |
122,332,306 |
123,330,958 |
123,703,353 |
123,703,353 |
120,325,943 |
123,518,179 |
||||||
|
Shares utilized in computing diluted internet loss per ADS |
122,332,306 |
123,330,958 |
123,703,353 |
123,703,353 |
120,325,943 |
123,518,179 |
||||||
|
Be aware 1: The conversion of Renminbi (RMB) into United States {dollars} (USD) is predicated on the midday shopping for fee of USD1.00=RMB6.6981 on the final buying and selling day of June (June 30, 2022) as set forth within the H.10 |
||||||||||||
|
Be aware 2: |
||||||||||||
|
Share-based compensation in every class: |
||||||||||||
|
Price of revenues |
1,815 |
2,180 |
1,775 |
265 |
3,257 |
3,955 |
||||||
|
Gross sales and advertising bills |
3,053 |
3,090 |
3,451 |
515 |
5,043 |
6,541 |
||||||
|
Analysis and improvement bills |
10,004 |
8,862 |
8,428 |
1,259 |
17,399 |
17,290 |
||||||
|
Common and administrative bills |
4,962 |
5,384 |
4,448 |
664 |
8,610 |
9,832 |
||||||
|
YOUDAO, INC. |
||||||||||||
|
UNAUDITED ADDITIONAL INFORMATION |
||||||||||||
|
(RMB and USD in hundreds) |
||||||||||||
|
Three Months Ended |
Six Months Ended |
|||||||||||
|
June 30, |
March 31, |
June 30, |
June 30, |
June 30, |
June 30, |
|||||||
|
2021 |
2022 |
2022 |
2022 |
2021 |
2022 |
|||||||
|
RMB |
RMB |
RMB |
USD |
RMB |
RMB |
|||||||
|
Web revenues |
||||||||||||
|
Studying companies |
607,680 |
826,011 |
563,601 |
84,143 |
1,214,640 |
1,389,612 |
||||||
|
Sensible units |
206,290 |
253,160 |
239,850 |
35,809 |
408,209 |
493,010 |
||||||
|
On-line advertising companies |
165,979 |
121,370 |
152,774 |
22,809 |
305,073 |
274,144 |
||||||
|
Whole internet revenues |
979,949 |
1,200,541 |
956,225 |
142,761 |
1,927,922 |
2,156,766 |
||||||
|
Price of revenues |
||||||||||||
|
Studying companies |
250,422 |
298,297 |
269,491 |
40,234 |
472,724 |
567,788 |
||||||
|
Sensible units |
117,671 |
167,804 |
166,503 |
24,858 |
230,585 |
334,307 |
||||||
|
On-line advertising companies |
111,645 |
92,618 |
110,504 |
16,498 |
227,967 |
203,122 |
||||||
|
Whole price of revenues |
479,738 |
558,719 |
546,498 |
81,590 |
931,276 |
1,105,217 |
||||||
|
Gross margin |
||||||||||||
|
Studying companies |
58.8 % |
63.9 % |
52.2 % |
52.2 % |
61.1 % |
59.1 % |
||||||
|
Sensible units |
43.0 % |
33.7 % |
30.6 % |
30.6 % |
43.5 % |
32.2 % |
||||||
|
On-line advertising companies |
32.7 % |
23.7 % |
27.7 % |
27.7 % |
25.3 % |
25.9 % |
||||||
|
Whole gross margin |
51.0 % |
53.5 % |
42.8 % |
42.8 % |
51.7 % |
48.8 % |
||||||
|
YOUDAO, INC. |
|||||||||||||
|
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS |
|||||||||||||
|
(RMB and USD in hundreds, besides per ADS information) |
|||||||||||||
|
Three Months Ended |
Six Months Ended |
||||||||||||
|
June 30, |
March 31, |
June 30, |
June 30, |
June 30, |
June 30, |
||||||||
|
2021 |
2022 |
2022 |
2022 |
2021 |
2022 |
||||||||
|
RMB |
RMB |
RMB |
USD |
RMB |
RMB |
||||||||
|
Web loss from persevering with operations attributable to extraordinary shareholders of the |
(234,857) |
(95,420) |
(453,886) |
(67,764) |
(454,140) |
(549,306) |
|||||||
|
Add: share-based compensation |
19,834 |
19,516 |
18,102 |
2,703 |
34,309 |
37,618 |
|||||||
|
impairment of long-term funding |
– |
5,000 |
– |
– |
– |
5,000 |
|||||||
|
Non-GAAP internet loss from persevering with operations attributable to extraordinary |
(215,023) |
(70,904) |
(435,784) |
(65,061) |
(419,831) |
(506,688) |
|||||||
|
Non-GAAP primary internet loss from persevering with operations per ADS |
(1.76) |
(0.57) |
(3.52) |
(0.53) |
(3.49) |
(4.10) |
|||||||
|
Non-GAAP diluted internet loss from persevering with operations per ADS |
(1.76) |
(0.57) |
(3.52) |
(0.53) |
(3.49) |
(4.10) |
|||||||
SOURCE Youdao, Inc.
