At the close of the US stock market on Tuesday, education and technology company Netease Youdao closed up 15.28% at $6.11.
According to the Zhitong Finance app, at the close of the US stock market on Tuesday, education and technology company Netease Youdao (DAO.US) closed up 15.28% at $6.11. On the news front, Netease Youdao's previously announced financial report shows a net income of 1.57 billion yuan in the third quarter, a 2.2% year-on-year increase. Operating profit reached 0.11 billion yuan, marking the first time in history to achieve profit in the third quarter, with a single quarter profit reaching a historical high. The operating cash flow narrowed to 85.4 million yuan, a 71.0% year-on-year decrease. In the third quarter, under the 'AI+education' dual-driven global strategy, Youdao's products and services continue to upgrade and iterate, achieving breakthroughs in AI commercialization and overall performance growth, with significant improvements in business health and operational efficiency.