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Earnings Call Summary | Youdao(DAO.US) Q4 2023 Earnings Conference

Earnings Call Summary | Youdao(DAO.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Youdao (DAO.US) 2023 年第四季度業績發佈會
富途資訊 ·  03/01 14:31  · 電話會議

The following is a summary of the Youdao, Inc. (DAO) Q4 2023 Earnings Call Transcript:

以下是有道公司（DAO）2023年第四季度業績電話會議記錄摘要：

Financial Performance:

財務業績：

  • Youdao reported increased Q4 net revenues of RMB 1.5 billion, up 1.8% year-over-year.

  • For the full year 2023, net revenues were RMB 5.4 billion, up by 7.5% year-over-year.

  • Operating income reached RMB 76.3 million, increasing 209.2% year-over-year, while operating income margin improved to 5.2% in Q4 2023 from 1.7% in Q4 2022.

  • Loss from operations was RMB 466.3 million, narrowed by 39.8% year-over-year.

  • Operating cash inflow was also up by 91% year-over-year at RMB 160.6 million.

  • Revenue from learning services decreased by 2.8% to RMB 784 million, while revenue from smart devices decreased by 45.3% to RMB 222.4 million.

  • However, revenue from online marketing services saw a significant increase of 96.9% to RMB 474.1 million.

  • The total gross profit for Q4 decreased by 4.6% from the same quarter of 2022.

  • 有道報告稱，第四季度淨收入增加了15億元人民幣，同比增長1.8％。

  • 2023年全年，淨收入爲人民幣54億元，同比增長7.5％。

  • 營業收入達到人民幣7,630萬元，同比增長209.2％，而營業收入利潤率從2022年第四季度的1.7％提高到2023年第四季度的5.2％。

  • 運營虧損爲人民幣4.663億元，同比縮小39.8％。

  • 運營現金流入也同比增長91％，達到1.606億元人民幣。

  • 學習服務的收入下降了2.8％，至7.84億元人民幣，而智能設備收入下降了45.3％，至人民幣2.224億元。

  • 但是，在線營銷服務的收入大幅增長了96.9％，達到4.741億元人民幣。

  • 第四季度的總毛利比2022年同期下降了4.6％。

Business Progress:

業務進展：

  • Youdao launched multiple products, like Hi Echo 2, Mr. P AI Tutor, Youdao Smart Learning Pad X20 and A6 Pro Dictionary Pen, significantly contributing to key growth areas.

  • Learning Services segment saw increased net revenues from digital content services reaching RMB 2 billion, up 11.7% year-over-year.

  • The company plans to develop new content based on changing user needs and improvement of services.

  • Youdao eyes potential growth in AI technology and user education, coupled with plans for more device launches in the future.

  • The company also reported strong financial performance on the A6 Pro Dictionary Pen launch, with impressive unit sales within the first week.

  • They anticipate improved operating cash flow in 2024, supported by Learning services and Online Marketing services and are set to continue leveraging AI technology for business optimization.

  • Youdao is pivoting towards digital advertising and plans on expanding overseas and online gaming markets.

  • 有道推出了多款產品，例如Hi Echo 2、Mr. P AI Tutor、有道智能學習板X20和A6 Pro詞典筆，爲關鍵增長領域做出了重大貢獻。

  • 學習服務板塊的數字內容服務淨收入增長至20億元人民幣，同比增長11.7％。

  • 該公司計劃根據不斷變化的用戶需求和服務的改善開發新內容。

  • Youdao着眼於人工智能技術和用戶教育的潛在增長，並計劃在未來推出更多設備。

  • 該公司還報告了A6 Pro Dictionary Pen發佈的強勁財務業績，第一週的銷量令人印象深刻。

  • 他們預計，在學習服務和在線營銷服務的支持下，2024年的運營現金流將有所改善，並將繼續利用人工智能技術進行業務優化。

  • Youdao正在轉向數字廣告，並計劃擴大海外和在線遊戲市場。

More details: Youdao IR

更多詳情： 有道紅外

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。

譯文內容由第三人軟體翻譯。


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