Youdao, Inc. · NYSE:DAO
Youdao — Q2 2024 Earnings Presentation
17 slides from Youdao's earnings presentation, Aug 22, 2024
Slide 1: Investor Relations
Investor Relations, February 23, 2023
Slide 2: Forward-looking statements
This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-l
Slide 3: Net Revenues: 9.5% YoY Growth in 2Q24
Net Revenues: 9.5% YoY Growth in 2Q24 RMB Millions 1,538.8 1,480.5 1,391.9 1,321.7 1,206.6 336.1 474.1 492.7 251.9 511.2 303.6 222.4 181.2 222.2 166.7 950.8 784.0 718.0 643.8 680.8 Learning Services Smart Devices Online Marketing Services
Slide 4: Income (Loss) From Operations: Operating Loss Narrowed in 2Q24
Income (Loss) From Operations: Operating Loss Narrowed by 74.9% YoY in 2Q24 RMB Millions 76.3 29.9 (57.7) (72.6) (289.1)
Slide 5: Operating Cash Flow: Net Inflows Hit Record High in 2Q24
Operating Cash Flow: Net Inflows Hit Record High in 2Q24 RMB Millions 250.2 160.6 133.0 (294.7) (391.0)
Slide 6: 2024 Operating Strategy
2024 Operating Strategy Digital content services AI-driven Online subscription marketing services services
Slide 7: AI Strategy
WAI Strategy RB youdao = ee : 223 ee
Slide 8: Digital Content Services
Digital Content Services Net revenues from digital content services: RMB403.3 million, up 6.8% year-over-year in 2Q24 RMB Millions
Slide 9: Digital Content Services: Youdao Lingshi
Digital Content Services: Youdao Lingshi Person Increased localized live broadcasts Learning diagnosis and operations through our WeChat Video Accounts, providing users with services such as local policy updates Personalized learning path and garnering positive user feedback. recommendation Watch le
Slide 10: AI-driven Subscription Services
AI-driven Subscription Services Total sales of AI-driven subscription services: over RMB60 million in 2Q24 Year-over-year growth: nearly 200%, quarter-over-quarter growth: over 30% Youdao Youdao Desktop U-Dictionary Hi Echo Mr. P AI Tutor Dictionary Translation One Translate iRecord LectMate iArch B
Slide 11: Online Marketing Services: Record-high Net Revenues in 2Q24
Online Marketing Services: Record-high Net Revenues in 2Q24 RMB millions
Slide 12: Online Marketing Services
Online Marketing Services Expanding Customer Base RTA (Real-Time API) RTA (Real-Time API) application was the one of the main drivers for the net revenue growth of online market services in 2Q24, with 100%+ year-over-year increase. At the end of 2Q24, RTA covered over 10+ industries. Strengthened Sy
Slide 13: Advertising Large Language Model
Advertising Large Language Model
Slide 14: Smart Devices
Smart Devices Youdao’s Smart Devices Takes Center Stage at World AI Conference Mr. P AI Tutor Hi Echo AI Translation 72-million-word database Net revenues from Youdao Dictionary Pen increased nearly 10% year-over-year in 2Q24.
Slide 15: Summary of Key Financial Information: Key balance sheet items
Summary of Key Financial Information (in RMB'000) Key Keybalance sheetitems balance sheet items June June 30, 30, 20232024 December December 31, 2023 31, 2022 Cash Assets* 565,313 527,056 Accounts Receivable, Net 393,111 354,006 Inventories 195,726 217,067 Total Current Assets 1,399,135 1,299,951 To
Slide 16: Summary of Key Financial Information: Key Income Statement Items
Summary of Key Financial Information (in RMB'000, except for percentages) Key Income Statement Items 2Q24 1Q24 2Q23 Net Revenues 1,321,721 1,391,859 1,206,634 Learning Services 643,762 717,996 680,920 Smart Devices 166,722 181,198 222,157 Online Marketing Services 511,237 492,665 303,557 Cost of Rev
Slide 17: THANK YOU
THANK YOU