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Youdao thinks that these non-GAAP economic actions present helpful information and facts to traders in understanding and evaluating the organization's existing functioning performance and prospective customers in exactly the same manner as administration does,when they so opt for.
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"Our profitability significantly improved within the third quarter,marked by report-large cash flow from functions and first-ever 3rd-quarter earnings from functions. Within our services,we leveraged our sturdy LLM (Huge Language Model) capabilities to up grade our Youdao Lingshi Smart Studying Process,even further enhancing the personalised attributes and elevating the person practical experience.
The year-over-calendar year improve was generally attributable towards the elevated need for performance-dependent advertisements by 3rd get-togethers' internet Qualities,which was driven by our ongoing investments in slicing-edge AI technology.
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The organization may make prepared or oral ahead-looking statements in its experiences filed with,or furnished to,the U.S. Securities and Exchange Fee,in its annual studies to shareholders,in push releases and various composed products and in oral statements created by its officers,administrators or workers to third parties. Statements that are not historic information,are ahead-hunting statements. Ahead-hunting statements include inherent threats and uncertainties. Even more information pertaining to these types of risks,uncertainties or aspects is included in the business's filings Along with the SEC. All data presented In this particular push release is as of your day of this press launch,and the corporate doesn't undertake any responsibility to update such details,other than as required underneath relevant regulation.
Youdao,Inc. (NYSE: DAO) is undoubtedly an intelligent Understanding enterprise with sector-leading technological know-how in China devoted to building and using technologies to provide Mastering information,applications and solutions to customers of all ages. Creating on the recognition of its online expertise tools for example Youdao Dictionary and Youdao Translation,Youdao now delivers smart devices,STEAM programs,Grownup and vocational programs,and training digitalization remedies.
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This announcement contains translations of specified RMB quantities into U.S. dollars ("US$") at specified premiums entirely for the convenience of the reader. Until in any other case said,all translations from RMB to US$ have been made at the speed of RMB7.
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