Youdao reports fourth quarter and fiscal year 2023 unaudited financial results

Hangzhou, china , feb. 29, 2024 /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 fourth quarter and fiscal year ended december 31, 2023. fourth quarter 2023 financial highlights total net revenues were rmb1.5 billion (us$208.5 million), representing a 1.8% increase from the same period in 2022.
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