Youdao reports q2 net loss per ads of $0.33

Youdao reports second quarter 2020 unaudited financial results.q2 revenue rmb 623.3 million versus refinitiv ibes estimate of rmb 628.8 million.basic and diluted net loss per ads attributable to ordinary shareholders for q2 of 2020 was rmb2.30(us$0.33).qtrly gross billings of online courses increased 223.2% year-over-year to rmb542.0 million (us$76.7 million).qtrly non-gaap basic and diluted net loss per ads attributable to ordinary shareholders was rmb2.23(us$0.32).qtrly gross billings of youdao premium courses increased 214.5% year-over-year to rmb457.2 million (us$64.7 million).
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