Youdao reports first quarter 2023 unaudited financial results

Hangzhou, china , may 25, 2023 /prnewswire/ -- youdao, inc. ("youdao" or the "company") (nyse: dao), an intelligent learning company with industry-leading technology in china, today announced its unaudited financial results for the first quarter ended march 31, 2023. first quarter 2023 financial highlights total net revenues were rmb1.2 billion (us$169.4 million), representing a 3.1% decrease from the same period in 2022.
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