NetEase Youdao (DAO) Surges Over 30% Following Positive Financial Data

Oct 02, 2024

On October 3, NetEase Youdao (DAO, Financial) experienced a significant increase of 30.79%, reaching $5.65 per share with a trading volume of $3.47 million.

Financial data reveals that as of June 30, 2024, NetEase Youdao's total revenue was RMB 2.714 billion, marking a 14.5% year-over-year growth. The company's net loss attributable to shareholders was RMB 87.043 million, showing an improvement of 82.71% year-over-year.

Important Note: NetEase Youdao is scheduled to disclose its 2024 fiscal third-quarter report on November 21.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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