Earnings Call Summary | Youdao(DAO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Youdao(DAO.US) Q1 2024 Earnings Conference
The following is a summary of the Youdao, Inc. (DAO) Q1 2024 Earnings Call Transcript:
以下是有道公司（DAO）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Youdao, Inc. reported Q1 2024 net revenues of RMB 1.4 billion, representing a 19.7% YoY growth.
The company showed a remarkable financial turnaround, with income from operations reaching RMB 29.9 million from a RMB 195.8 million loss in the same period of previous year.
Learning services revenues were RMB 718 million, roughly on par with the previous year, and online marketing services segment reported a historic high of RMB 492.7 million in net revenues, which is a 125.9% YoY growth.
Digital Content services saw 11% YoY growth with revenues of RMB 499.8 million but Smart Devices segment net revenues declined by 14.8% YoY to RMB 181.2 million.
有道公司報告稱，2024年第一季度淨收入爲人民幣14億元，同比增長19.7％。
該公司出現了顯著的財務轉機，運營收入從去年同期的1.958億元人民幣虧損中達到2990萬元人民幣。
學習服務收入爲人民幣7.18億元，與上年大致持平，在線營銷服務板塊的淨收入創歷史新高，爲4.927億元人民幣，同比增長125.9％。
數字內容服務同比增長11％，收入爲4.998億元人民幣，但智能設備板塊淨收入同比下降14.8％，至1.812億元人民幣。
Business Progress:
業務進展：
Youdao Lingshi students' retention rate reached over 70% in the spring renewals, while AI-driven subscription services experienced rapid growth reaching RMB 50 million sales in Q1 2024, a YoY increase of over 140%.
The firm plans to continue tech improvement and global KOL marketing expansion for their online marketing services and deepen their partnership with NetEase for future growth.
Youdao, Inc. is poised to release the first all-subject AI tutor in China, 'Mr. P AI Tutor,' as a free mobile app in June.
Despite a decrease in smart device sales, the company is focusing on operational efficiency and controlling operating costs, resulting in profitability for two consecutive quarters.
The company has launched an app version of Mr. P AI Tutor and released new products like the A6 Pro Dictionary Pen, E6 Listening Pod, and X20 Learning Pad, while also preparing an innovative product pipeline for the new school year.
有道靈石學生的留存率在春季續訂中達到70％以上，而人工智能驅動的訂閱服務在2024年第一季度實現了快速增長，銷售額達到5000萬元人民幣，同比增長超過140％。
該公司計劃繼續爲其在線營銷服務進行技術改進和全球KOL營銷擴張，並深化與網易的合作伙伴關係，以實現未來的增長。
有道準備在6月份以免費移動應用程序的形式發佈中國首款全科人工智能導師 “Mr. P AI Tutor”。
儘管智能設備銷量下降，但該公司仍將重點放在運營效率和控制運營成本上，從而連續兩個季度實現盈利。
該公司推出了Mr. P AI Tutor的應用程序版本，併發布了A6 Pro詞典筆、E6聽力盒和X20學習板等新產品，同時還爲新學年準備了創新的產品線。
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.
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譯文內容由第三人軟體翻譯。