Youdao Third Quarter 2024 Earnings: Revenues Miss Expectations

Simply Wall St.2024-11-17

Youdao (NYSE:DAO) Third Quarter 2024 Results Key Financial Results Revenue: CN¥1.57b (up 2.2% from 3Q 2023). Net income: CN¥86.3m (up from CN¥102.9m loss in 3Q 2023). Profit margin: 5.5% (up from net...

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All figures shown in the chart above are for the trailing 12 month  period. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US.The company's shares are down 8.6% from a week ago.You still need to take note of risks, for example - Youdao has   4 warning signs    we think you should know about.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"有道2024年第三季度财报：收入未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAO":1},"content_text":"Youdao (NYSE:DAO) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥1.57b (up 2.2% from 3Q 2023).\nNet income: CN¥86.3m (up from CN¥102.9m loss in 3Q 2023).\nProfit margin: 5.5% (up from net loss in 3Q 2023).\n\n\n\n\n  NYSE:DAO Earnings and Revenue Growth November 17th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nYoudao Revenues Disappoint\n Revenue missed analyst estimates by 1.2%. \n Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US. \nPerformance of the American Consumer Services industry.\n The company's shares are down 8.6% from a week ago. \nRisk Analysis\n You still need to take note of risks, for example - Youdao has   4 warning signs  (and 2 which are concerning)  we think you should know about. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484680827"}