China Net Technology November 18 (Reporter Ye Xiaoyuan) Intelligent Learning Company NYSE: DAO (DAO) released the third quarter of the third quarter of 2022, and it was announced that the board of directors had authorized to establish a no more than $ 20 million. The shares repurchase plan is up to 36 months.
Thanks to the positive results of service innovation and new smart hardware products, in a complex external environment, the performance of Youdao companies still achieve strong growth, and net income and gross profit margin have exceeded historical highs.
According to the financial report, Q3's net revenue reached 1.4 billion yuan, an increase of 35.0%year -on -year; gross profit margin was 54.2%, an increase of 1.6 percentage points from the same year compared to the same period last year. In addition, in the third quarter, NetEase's operating losses narrowed to 220 million yuan, and the operating loss rate was 15.6%, a narrowing of 6.1 percentage points year -on -year. According to reports, business losses are mainly due to early investment in innovation business, including newly listed AI learning machines and education informatization and some quality courses.
In the transition period, it is becoming more and more "hard". At present, it has become a smart learning company with a complete hardware production chain.
"Hardware is the most effective way for intelligent learning to land." As the first business for forming an advantageous barriers, there is a rapid growth of intelligent hardware. In the third quarter, revenue reached a record high, reaching 360 million yuan, an increase of 40.1%year -on -year. The explosive products have the Taoist dictionary pens since the 2nd generation in 2019, and the net income of this category has increased more than 10 times in the past three years.
The accumulation of AI technology has greatly shortened the changes in the intelligent hardware of the road. Since the transformation, Youdao has accelerated intelligent hardware innovation, and has successively launched a number of self -developed new products such as listening treasure, smart eye protection lamp, AI learning machine Y10, Youdao Dao Dian Pen X5, Youdao Dian Pen P5, AI Learning Machine X10 The matrix is rich again.
During the reporting period, through the release of the Dao Dao Dictionary X5, some OS was launched in the field of dictionary pens, which attracted many high -quality content providers such as Himalayan, Netease Cloud Music, and Uncle Kai. Users can download and learn applications independently on their own needs on their own needs. Once it was launched, it won active feedback on the market, and the "Double Eleven" once again occupied the sales champion of JD and Tmall Electronic Dictionary.
In addition, the first AI learning machine was launched in Q3 in the third quarter, which marked the company's formal enrollment to learn the flat field. Youdao believes that user needs are upgrading from traditional learning tablets to intelligent learning tablets. This has opened the opportunity window for technology companies with a comprehensive ability of "AI+Hardware+Content".
Learning services achieved 890 million revenue this quarter, an increase of 37.2%year -on -year. In terms of new services, the sales of digital content services exceeded 400 million yuan, and the gross profit margin has increased to more than 60%; the scale of the quality curriculum that is still input has increased rapidly during the reporting period of the input period, and net income increased by more than 200%year -on -year.
During the reporting period, some of them made more inputs in the field of postgraduate entrance examinations and vocational education courses and made positive progress. In the third quarter, the sales of some postgraduate entrance examinations increased by more than 150%year -on -year. In terms of customer acquisition, Youdao made full use of the advantages of its own traffic such as Taoism Dictionary and Chinese universities, and more than 50%of the new sales of sales came from their own traffic. Vocational education courses have increased by more than 200%year -on -year.
"Since this year, we have launched a total of 5 new hardware products around consumer learning scenes, including the successful performance of the Dao Diao Dian Pen X5, AI learning machine, etc. We are more confident. "You Dao CEO Zhou Feng said:" Our transformation has been roughly completed. Although facing many challenges and uncertain macro environments, we are still seizing such opportunities to achieve the company's advanced and development. Big picture scene. "