Glonghui, May 23 | NetEase Youdao (DAO.US) rose 2.62% to $3.725. NetEase Youdao's net revenue for the first quarter reached 1.39 billion yuan, up 19.7% year over year. Operating profit reached a single quarter of 30 million yuan, maintaining profit for two consecutive quarters for the first time. Under non-US GAAP, net profit attributable to NetEase Youdao for the quarter was 0.2 billion yuan, turning a year-on-year loss into a profit. Operating cash outflow improved 10.5% compared to the same period last year.
美股异动｜网易有道涨超2.6% Q1净收入同比增长近两成
Changes in US stocks | NetEase Youdao rose more than 2.6%, Q1 net revenue increased nearly 20% year-on-year
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